Title 46, ShippingRelease 119-102
§53719 Best Practices
Title 46 › Subtitle V — Merchant Marine › Part C — Financial Assistance Programs › CHAPTER 537 — LOANS AND GUARANTEES › SUBCHAPTER I — GENERAL › § 53719
Summary
The Secretary or Administrator must review and update loan-guarantee forms and agreements every four years, as allowed by law.
Full Legal Text
Title 46, §53719
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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
Aug 21, 2026
Release point: 119-102