25 USC 1467: Security for loan; assignment of securities; reasonable assurance of repayment
Text contains those laws in effect on November 20, 2024
From Title 25-INDIANSCHAPTER 17-FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONSSUBCHAPTER I-INDIAN REVOLVING LOAN FUND
Jump To: Source Credit
§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.
(