§ 53705. Pledge of United States Government

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(a)Full Faith and Credit.— The full faith and credit of the United States Government is pledged to the payment of a guarantee made under this chapter, for both principal and interest, including interest (as may be provided for in the guarantee) accruing between the date of default under a guaranteed obligation and the date of payment in full of the guarantee.

(b)Incontestability.— A guarantee or commitment to guarantee made under this chapter is conclusive evidence of the eligibility of the obligation for the guarantee. The validity of a guarantee or commitment to guarantee made under this chapter is incontestable.

(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1606; Pub. L. 109–163, div. C, title XXXV, § 3507(a)(1)(C), Jan. 6, 2006, 119 Stat. 3555; Pub. L. 110–181, div. C, title XXXV, § 3522(b), Jan. 28, 2008, 122 Stat. 598.)

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Pub. L. 109–304, § 8(c)
120 Stat. 1606
Pub. L. 109–163, div. C, title XXXV, § 3507(a)(1)(C)
119 Stat. 3555
Pub. L. 110–181, div. C, title XXXV, § 3522(b)
122 Stat. 598
Pub. L. 110–181
Pub. L. 109–163, § 3507(a)(1)(C)

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§ 53705

Pledge of United States Government

Pub. L.Pub. L. 109–304, § 8(c)

Stat.120 Stat. 1606

Pub. L.Pub. L. 109–163, div. C, title XXXV, § 3507(a)(1)(C)

Stat.119 Stat. 3555

Pub. L.Pub. L. 110–181, div. C, title XXXV, § 3522(b)

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