§ 1488. Lenders authorized to make loans; decrease or increase of liability under the guaranty

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Loans guaranteed hereunder may be made by any lender satisfactory to the Secretary, except as provided in section 1486 of this title. The liability under the guaranty shall decrease or increase pro rata with any decrease or increase in the unpaid portion of the obligation.

(Pub. L. 93–262, title II, § 208, Apr. 12, 1974, 88 Stat. 80.)

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Public Law 93–262

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U.S. Code

Loans ineligible for guaranty or insurance
§ 1486

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Pub. L. 93–262, title II, § 208
88 Stat. 80

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§ 1488

Lenders authorized to make loans; decrease or increase of liability under the guaranty

Stat.×1

U.S.C.§ 1486

Pub. L.Pub. L. 93–262, title II, § 208

Stat.88 Stat. 80

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