Title 15 — Commerce and TradeRelease 119-73

§646 Liens

Title 15 › Chapter CHAPTER 14A— - AID TO SMALL BUSINESS › § 646

Last updated Apr 6, 2026|Official source

Summary

If the Administration holds property as security for a loan, its claim must come after any state or local tax lien that state law would put ahead of a private party's claim.

Full Legal Text

Title 15, §646

Commerce and Trade — Source: USLM XML via OLRC

Any interest held by the Administration in property, as security for a loan, shall be subordinate to any lien on such property for taxes due on the property to a State, or political subdivision thereof, in any case where such lien would, under applicable State law, be superior to such interest if such interest were held by any party other than the United States.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

section 217 of act July 30, 1953, ch. 282, title II, 67 Stat. 239, was previously classified to this section. See section 640 of this title, and Codification note set out under section 631 of this title.

Reference

Citations & Metadata

Citation

15 U.S.C. § 646

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73