2015 US Code
Title 15 - Commerce and Trade (Sections 1 - 8405)
Chapter 45 - Emergency Loan Guarantees to Business Enterprises (Sections 1841 - 1852)
Sec. 1850 - Protection of Government's interest
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 45 - EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES Sec. 1850 - Protection of Government's interest |
| Contains | section 1850 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 92-70, §11, Aug. 9, 1971, 85 Stat. 181. |
| Statutes at Large Reference | 85 Stat. 181 |
| Public and Private Law | Public Law 92-70 |
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The Attorney General shall take such action as may be appropriate to enforce any right accruing to the United States or any officer or agency thereof as a result of the issuance of guarantees under this chapter. Any sums recovered pursuant to this section shall be paid into the emergency loan guarantee fund.
(b) Recovery rights; subrogationThe Board shall be entitled to recover from the borrower, or any other person liable therefor, the amount of any payments made pursuant to any guarantee agreement entered into under this chapter, and upon making any such payment, the Board shall be subrogated to all the rights of the recipient thereof.
(Pub. L. 92–70, §11, Aug. 9, 1971, 85 Stat. 181.)
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