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Code · STATUTE-COMPILATIONS · Consolidated Farm and Rural Development Act · Sec. 308

Sec. 308. FULL FAITH AND CREDIT

94 words·~1 min read·/statute-compilations/comps-10243/sec-308

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## SEC. 308 FULL FAITH AND CREDIT **[**[7 U.S.C. 1928](/us/usc/t7/s1928)**]** ###
(a)In General A contract of insurance or guarantee executed by the Secretary under this title shall be an obligation supported by the full faith and credit of the United States. ###
(b)Contestability A contract of insurance or guarantee executed by the Secretary under this title shall be incontestable except for fraud or misrepresentation that the lender or any holder— ####
(1)has actual knowledge of at the time the contract or guarantee is executed; or ####
(2)participates in or condones.
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Sec. 308
FULL FAITH AND CREDIT
U.S.C.§ 1928
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