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7 U.S.C. § 1928 — Full faith and credit

submitted 65 years ago by Pub. L. 87-128 to r/title-7-AGRICULTURE · 80 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) In general

A contract of insurance or guarantee executed by the Secretary under this chapter shall be an obligation supported by the full faith and credit of the United States.

(b) Contestability

A contract of insurance or guarantee executed by the Secretary under this chapter shall be incontestable except for fraud or misrepresentation that the lender or any holder—

(1)

has actual knowledge of at the time the contract or guarantee is executed; or

(2)

participates in or condones.

Source credit: (Pub. L. 87–128, title III, § 308, Aug. 8, 1961, 75 Stat. 308; Pub. L. 87–798, Oct. 11, 1962, 76 Stat. 908; Pub. L. 89–240, § 2(a), Oct. 7, 1965, 79 Stat. 932; Pub. L. 90–488, § 6, Aug. 15, 1968, 82 Stat. 770; Pub. L. 92–133, Oct. 5, 1971, 85 Stat. 364; Pub. L. 101–624, title XXIII, § 2388(a), Nov. 28, 1990, 104 Stat. 4052; Pub. L. 104–127, title VI, § 605, Apr. 4, 1996, 110 Stat. 1086.)

history & why it existsrecord from the source credit
  • 1961Enacted · Pub. L. 87-128 · 75 Stat. 308
  • 1962Amended · Pub. L. 87-798 · 76 Stat. 908
  • 1965Amended · Pub. L. 89-240 · 79 Stat. 932
  • 1968Amended · Pub. L. 90-488 · 82 Stat. 770
  • 1971Amended · Pub. L. 92-133 · 85 Stat. 364
  • 1990Amended · Pub. L. 101-624 · 104 Stat. 4052
  • 1996Amended · Pub. L. 104-127 · 110 Stat. 1086

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-128 on 1961-08-08.

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