Title 46 — ShippingRelease 119-73not60
§53719 Best Practices
Title 46 › Subtitle Subtitle V— Merchant Marine › Part C— Financial Assistance Programs › Chapter 537— LOANS AND GUARANTEES › Subchapter I— GENERAL › § 53719
Summary
Secretary/Administrator must update this chapter's loan-guarantee documents every four years to match current commercial best practices, if law allows.
Full Legal Text
Title 46, §53719
Shipping — Source: USLM XML via OLRC
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 5, 2026
Release point: 119-73not60