► 15 U.S.C. § 1843 15 u.s.c. · emergency loan guarantees to business en · title 15

15 U.S.C. § 1843

Limitations and conditions of loan guarantees

Title 15 USC

● ACTIVE

Ch. 45

Jurisdiction Federal — United States

Chapter EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES

Primary Source uscode.house.gov ↗

Federation ID OM-USC15-SEC-2EA521

► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 45 - EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES Sec. 1843 - Limitations and conditions of loan guarantees From the U.S. Government Publishing Office, www.gpo.gov

§1843. Limitations and conditions of loan guarantees

(a) Necessary findings A guarantee of a loan may be made under this chapter only if— (1) the Board finds that (A) the loan is needed to enable the borrower to continue to furnish goods or services and failure to meet this need would adversely and seriously affect the economy of or employment in the Nation or any region thereof, (B) credit is not otherwise available to the borrower under reasonable terms or conditions, and (C) the prospective earning power of the borrower, together with the character and value of the security pledged, furnish reasonable assurance that it will be able to repay the loan within the time fixed, and afford reasonable protection to the United States; and (2) the lender certifies that it would not make the loan without such guarantee. (b) Term of loans; renewal Loans guaranteed under this chapter shall be payable in not more than five years, but may be renewable for not more than an additional three years. (c) Interest rates, determination; guarantee fee (1) Loans guaranteed under this chapter shall bear interest payable to the lending institutions at rates determined by the Board taking into account the reduction in risk afforded by the loan guarantee and rates charged by lending institutions on otherwise comparable loans. (2) The Board shall prescribe and collect a guarantee fee in connection with each loan guaranteed under this chapter. Such fee shall reflect the Government's administrative expense in making the guarantee and the risk assumed by the Government and shall not be less than an amount which, when added to the amount of interest payable to the lender of such loan, produces a total charge appropriate for loan agreements of comparable risk and maturity if supplied by the normal capital markets.

(Pub. L. 92–70, §4, Aug. 9, 1971, 85 Stat. 178.)

Source: uscode.house.gov — public domain Official Source ↗

► ROOT-LD ENTITY DATA machine-readable · federation graph · v1.0

Federation ID

OM-USC15-SEC-2EA521

Entity Class

STATUTE / FEDERAL-CODE-SECTION

Domain Signature

oakmorel.com

Spec Version

Root-LD v1.0

Source

PRIMARY-SOURCE

Content Hash

408cde9c6ecbc283...

Source Verified

✓ TRUE

Semantic Edges

PENDING — corpus passes queued

The statutory text of 15 U.S.C. § 1843 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).

► NAVIGATE CORPUS title 15 · commerce and trade

← 15 U.S.C. § 1842 15 U.S.C. § 1844 →

Chapter 45 — EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES

15 U.S.C. § 1841 15 U.S.C. § 1842 15 U.S.C. § 1843 15 U.S.C. § 1844 15 U.S.C. § 1845 15 U.S.C. § 1846 15 U.S.C. § 1847 15 U.S.C. § 1848 15 U.S.C. § 1849 15 U.S.C. § 1850 15 U.S.C. § 1851 15 U.S.C. § 1852

15 U.S.C. — public domain ← All Legislation

15 U.S.C.

Citation

15 U.S.C. § 1843

Status

● ACTIVE

Chapter

45 — EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES

Title

Commerce and Trade

Jurisdiction

Federal

Federation ID

OM-USC15-SEC-2EA521

Root-LD Spec

v1.0

► Forensic Services

Procurement fraud, platform integrity, litigation support. First conversation free.

► CONTACT OAKMOREL →

↑↓ Scroll ENTER Select ESC Exit

Commerce and Trade — 15 U.S.C. § 1843