Title 15 — Commerce and TradeRelease 119-73not60
§1844 Security for Loan Guarantees
Title 15 › Chapter 45— EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES › § 1844
Summary
The Board must try to make any loan guarantee fully backed by the company’s property so the loan’s principal and interest are secured.
Full Legal Text
Title 15, §1844
Commerce and Trade — Source: USLM XML via OLRC
In negotiating a loan guarantee under this chapter, the Board shall make every effort to arrange that the payment of the principal of and interest on any plan guaranteed shall be secured by sufficient property of the enterprise to collateralize fully the amount of the loan guarantee.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1844
Title 15 — Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60