25 USC 1488: Lenders authorized to make loans; decrease or increase of liability under the guaranty
Text contains those laws in effect on May 4, 2024
From Title 25-INDIANSCHAPTER 17-FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONSSUBCHAPTER II-LOAN GUARANTY AND INSURANCE
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§1488. Lenders authorized to make loans; decrease or increase of liability under the guaranty
Loans guaranteed hereunder may be made by any lender satisfactory to the Secretary, except as provided in section 1486 of this title. The liability under the guaranty shall decrease or increase pro rata with any decrease or increase in the unpaid portion of the obligation.
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