25 U.S.C. § 1467 — Security for loan; assignment of securities; reasonable assurance of repayment
submitted 52 years ago by Pub. L. 93-262 to r/title-25-INDIANS · 57 words · no verdicts yet
This section addresses Security for loan; assignment of securities; reasonable assurance of repayment. It states the duties, permissions, limits, definitions, and procedures set out in the section.
Any organization receiving a loan from the revolving loan fund must be required to assign to the United States as security for the loan all securities acquired in connection with the loans made to its members from such funds unless the Secretary* determines that the repayment of the loan to the United States is otherwise reasonably assured.
Any organization receiving a loan from the revolving loan fund shall be required to assign to the United States as security for the loan all securities acquired in connection with the loans made to its members from such funds unless the Secretary* determines that the repayment of the loan to the United States is otherwise reasonably assured.
Source credit: (Pub. L. 93–262, title I, § 107, Apr. 12, 1974, 88 Stat. 79.)
- 1974Enacted · Pub. L. 93-262 · 88 Stat. 79
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-262 on 1974-04-12.
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