Title 46 — ShippingRelease 119-73
§53719 Best practices
Title 46 › Subtitle Subtitle V— - Merchant Marine › Part Part C— - Financial Assistance Programs › Chapter CHAPTER 537— - LOANS AND GUARANTEES › Subchapter SUBCHAPTER I— - GENERAL › § 53719
Summary
Every four years Secretary/Administrator must update standard loan-guarantee documents to meet current commercial best practices as allowed by law.
Full Legal Text
Title 46, §53719
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The Secretary or Administrator shall ensure that all standard documents and agreements that relate to loan guarantees made pursuant to this chapter are reviewed and updated every four years to ensure that such documents and agreements meet the current commercial best practices to the extent permitted by law.
Reference
Citations & Metadata
Citation
46 U.S.C. § 53719
Title 46 — Shipping
Last Updated
Apr 6, 2026
Release point: 119-73