§ 1992. Loan limitations
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/usc/title-7/section-1992A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No loan (other than one to a public body or nonprofit association (including Indian tribes on Federal and State reservations or other federally recognized Indian tribal groups) for community facilities or one of a type authorized by section 1926(a)(1) of this title prior to its amendment by the Rural Development Act of 1972) shall be made by the Secretary either for sale as an insured loan or otherwise under sections 1926(a)(1), 1932, or 1942(c) of this title unless the Secretary shall have determined that no other lender is willing to make such loan and assume 10 per centum of any loss sustained thereon.
No contract guaranteeing any such loan by such other lender shall require the Secretary to guarantee more than 90 per centum of the principal and interest on such loan.
(Pub. L. 87–128, title III, § 344, as added Pub. L. 92–419, title I, § 129, Aug. 30, 1972, 86 Stat. 666; amended Pub. L. 94–35, § 2, June 16, 1975, 89 Stat. 214; Pub. L. 104–127, title VI, § 661(i), Apr. 4, 1996, 110 Stat. 1107.)
Connections4 cite this · traces to 2
Cited by 4 sections
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10 references not yet in our index
- Pub. L. 87–128, title III, § 344
- Pub. L. 92–419, title I, § 129
- 86 Stat. 666
- Pub. L. 94–35, § 2
- 89 Stat. 214
- Pub. L. 104–127, title VI, § 661(i)
- 110 Stat. 1107
- section 104 of Pub. L. 92–419
- Pub. L. 104–127
- Pub. L. 94–35
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§ 1992
Loan limitations
Stat.×2
Fed. Reg.×1
Stat. Comp.×1
Pub. L.Pub. L. 87–128, title III, § 344
Pub. L.Pub. L. 92–419, title I, § 129
Stat.86 Stat. 666
Pub. L.Pub. L. 94–35, § 2
Stat.89 Stat. 214
Cites 12 · showing 7Cited by 4 across 3 sources