§ 1844. — Security for loan guarantees.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1844]
TITLE 15--COMMERCE AND TRADE
CHAPTER 45--EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES
Sec. 1844. Security for loan guarantees
In negotiating a loan guarantee under this chapter, the Board shall
make every effort to arrange that the payment of the principal of and
interest on any plan guaranteed shall be secured by sufficient property
of the enterprise to collateralize fully the amount of the loan
guarantee.
(Pub. L. 92-70, Sec. 5, Aug. 9, 1971, 85 Stat. 179.)
