25 U.S. Code § 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.

Source

(Pub. L. 93–262, title II, § 208,Apr. 12, 1974, 88 Stat. 80.)

 

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