25 U.S.C. § 1467

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

Edition 2024

U.S.C. Title 25 - INDIANS
25 U.S.C.

United States Code, 2024 Edition

Title 25 - INDIANS

CHAPTER 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS

SUBCHAPTER I - INDIAN REVOLVING LOAN FUND

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

From the U.S. Government Publishing Office, www.gpo.gov

§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.)

Official source