2012 US Code
Title 12 - Banks and Banking
Chapter 47 - COMMUNITY DEVELOPMENT BANKING (§§ 4701 - 4750)
Subchapter II - SMALL BUSINESS CAPITAL ENHANCEMENT (§§ 4741 - 4750)
Section 4744 - Participation agreements
| Publication Title | United States Code, 2012 Edition, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 47 - COMMUNITY DEVELOPMENT BANKING SUBCHAPTER II - SMALL BUSINESS CAPITAL ENHANCEMENT Sec. 4744 - Participation agreements |
| Contains | section 4744 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 103-325, title II, §254, Sept. 23, 1994, 108 Stat. 2207. |
| Statutes at Large Reference | 108 Stat. 2207 |
| Public Law Reference | Public Law 103-325 |
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A participating State may enter into a participation agreement with any financial institution determined by the participating State, after consultation with the appropriate Federal banking agency, to have sufficient commercial lending experience and financial and managerial capacity to participate in the Program. The determination by the State shall not be reviewable by the Fund.
(b) Participating financial institutionsUpon entering into the participation agreement with the participating State, the financial institution shall become a participating financial institution eligible to enroll loans under the Program.
(Pub. L. 103–325, title II, §254, Sept. 23, 1994, 108 Stat. 2207.)
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