Title 15, Commerce and TradeRelease 119-102
§1844 Security for Loan Guarantees
Title 15 › CHAPTER 45 — EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES › § 1844
Summary
The Board must seek a company pledge of enough property to cover the guaranteed loan and its interest.
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
Aug 21, 2026
Release point: 119-102