Title 15, Commerce and TradeRelease 119-102
§646 Liens
Title 15 › CHAPTER 14A — AID TO SMALL BUSINESS › § 646
Summary
If the Administration holds an interest in property as security for a loan, that interest must come after any state or local property tax lien. This applies only when state law would put a private party’s similar interest behind that tax lien.
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
Aug 21, 2026
Release point: 119-102