Title 7 — AgricultureRelease 119-73

§938 Full faith and credit of the United States

Title 7 › Chapter CHAPTER 31— - RURAL ELECTRIFICATION AND TELEPHONE SERVICE › Subchapter SUBCHAPTER III— - RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS › § 938

Last updated Apr 6, 2026|Official source

Full Legal Text

Title 7, §938

Agriculture — Source: USLM XML via OLRC

Any contract of insurance or guarantee executed by the Secretary under this subchapter shall be an obligation supported by the full faith and credit of the United States and incontestable except for fraud or misrepresentation of which the holder had actual knowledge at the time it became a holder.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”. 1975—Pub. L. 94–124 substituted “of which the holder had actual knowledge at the time it became a holder” for “of which the holder has actual knowledge”.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective May 11, 1973, see section 12 of Pub. L. 93–32, set out as a note under section 930 of this title.

Reference

Citations & Metadata

Citation

7 U.S.C. § 938

Title 7 — Agriculture

Last Updated

Apr 6, 2026

Release point: 119-73