25-U.S.C.-1493
§1493 – Loan Refusal; Conditions; Prohibition Against Acquisition of Additional Loans; Payment of Claims On Loans Made In Good Faith
Pathway
Title 25 > Chapter 17 > Subchapter II > Section 1493
Details
- Reference: Section 1493
- Legend: §1493 – Loan Refusal; Conditions; Prohibition Against Acquisition of Additional Loans; Payment of Claims On Loans Made In Good Faith
- USCode Year: 2013
Provision Content
Whenever the Secretary finds that any lender or holder of a guaranty certificate fails to maintain adequate accounting records, or to demonstrate proper ability to service adequately loans guaranteed or insured, or to exercise proper credit judgment, or has willfully or negligently engaged in practices otherwise detrimental to the interests of a borrower or of the United States, he may refuse, either temporarily or permanently, to guarantee or insure any further loans made by such lender or holder, and may bar such lender or holder from acquiring additional loans guaranteed or insured hereunder: Provided, That the Secretary shall not refuse to pay a valid guaranty or insurance claim on loans previously made in good faith.
(Pub. L. 93–262, title II, §213, Apr. 12, 1974, 88 Stat. 81.)
U.S. Encyclopedia of Law Coverage
25-U.S.C.-1453 in the Legal Encyclopedia: Indians
In this entry about 25-U.S.C.-1453, find legal reference material, bibliographies and premiere content related to indians in the American Encyclopedia of Law, presenting a comprehensive view of the United States indians-specific issues, written by authorities in the field.
25-U.S.C.-1482 in the Legal Encyclopedia: Loans
In this entry about 25-U.S.C.-1482, find legal reference material, bibliographies and premiere content related to loans in the American Encyclopedia of Law, presenting a comprehensive view of the United States loans-specific issues, written by authorities in the field.
25-U.S.C.-1484 in the Legal Encyclopedia: Insurance
In this entry about 25-U.S.C.-1484, find legal reference material, bibliographies and premiere content related to insurance in the American Encyclopedia of Law, presenting a comprehensive view of the United States insurance-specific issues, written by authorities in the field.
25-U.S.C.-1467 in the Legal Encyclopedia: Indians Financing
In this entry about 25-U.S.C.-1467, find legal reference material, bibliographies and premiere content related to indians financing in the American Encyclopedia of Law, presenting a comprehensive view of the United States indians financing-specific issues, written by authorities in the field.
Leave a Reply