42 CFR 57.1516 - Right of recovery-subordination.

§ 57.1516 Right of recovery-subordination.
(a) The United States shall be entitled to recover from the applicant for a loan guarantee under this subpart the amount of any payment made pursuant to such guarantee, unless the Secretary waives such right of recovery as provided in § 57.1517.
(b) Upon making of any payments pursuant to a loan guarantee under this subpart, the United States shall be subrogated to all of the rights of the recipient of the payments with respect to which the guarantee was made.

Title 42 published on 2014-10-01

no entries appear in the Federal Register after this date.

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