Sec. 503. Reserving the right of inspection
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Section 2 of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635 ), as amended by sections 203, 204(b), 303, 401, 501, and 502 of this Act, is amended by adding at the end the following: The Bank, or its agent, shall reserve the right of inspection in any credit agreement for a transaction subject to the approval of the Board of Directors sufficient to validate that disbursements comply with the law and the policies and procedures of the Bank. The right of inspection shall include a right to examine the books and records of the obligor regarding the transaction.
The Bank shall ensure that sufficient staff are allocated to monitor and validate compliance by obligors with respect to transactions subject to the approval of the Board of Directors. .
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Sec. 503
Reserving the right of inspection
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