Security for loan; assignment of securities; reasonable assurance of repayment

Checkout our iOS App for a better way to browser and research.

§1467. Security for loan; assignment of securities; reasonable assurance of repayment

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.

( Pub. L. 93–262, title I, §107, Apr. 12, 1974, 88 Stat. 79 .)


Download our app to see the most-to-date content.