§ 938. — Full faith and credit of the United States.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC938]
TITLE 7--AGRICULTURE
CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER III--RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
Sec. 938. Full faith and credit of the United States
Any contract of insurance or guarantee executed by the Secretary
under this subchapter shall be an obligation supported by the full faith
and credit of the United States and incontestable except for fraud or
misrepresentation of which the holder had actual knowledge at the time
it became a holder.
(May 20, 1936, ch. 432, title III, Sec. 308, as added Pub. L. 93-32,
Sec. 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 94-124, Sec. 2, Nov.
4, 1975, 89 Stat. 677; Pub. L. 103-354, title II, Sec. 235(a)(13), Oct.
13, 1994, 108 Stat. 3221.)
Amendments
1994--Pub. L. 103-354 substituted ``Secretary'' for
``Administrator''.
1975--Pub. L. 94-124 substituted ``of which the holder had actual
knowledge at the time it became a holder'' for ``of which the holder has
actual knowledge''.
Effective Date
Section effective May 11, 1973, see section 12 of Pub. L. 93-32, set
out as a note under section 930 of this title.
Section Referred to in Other Sections
This section is referred to in section 939 of this title.
