§ 4744. — Participation agreements.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC4744]
TITLE 12--BANKS AND BANKING
CHAPTER 47--COMMUNITY DEVELOPMENT BANKING
SUBCHAPTER II--SMALL BUSINESS CAPITAL ENHANCEMENT
Sec. 4744. Participation agreements
(a) In general
A participating State may enter into a participation agreement with
any financial institution determined by the participating State, after
consultation with the appropriate Federal banking agency, to have
sufficient commercial lending experience and financial and managerial
capacity to participate in the Program. The determination by the State
shall not be reviewable by the Fund.
(b) Participating financial institutions
Upon entering into the participation agreement with the
participating State, the financial institution shall become a
participating financial institution eligible to enroll loans under the
Program.
(Pub. L. 103-325, title II, Sec. 254, Sept. 23, 1994, 108 Stat. 2207.)
Section Referred to in Other Sections
This section is referred to in sections 4742, 4743 of this title.
