§ 1850. Protection of Government’s interest

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1971

   Emergency Loan Guarantee Act

   Pub. L. 92–70 § 11 · 85 Stat. 178

   Enacted · 15 U.S.C. § 1850

   (Pub. L. 92–70, § 11, Aug. 9, 1971, 85 Stat. 181.)

   Source evidence

   Code source credit
   (Pub. L. 92–70, § 11, Aug. 9, 1971, 85 Stat. 181.)

   Enacted provision · exact public law section
   Sec. 11. protection of government’s interest (a) The Attorney General shall take such action as may Attorney General, enforcement authority. be appropriate to enforce any right accruing to the United States or any officer or agency thereof as a result of the issuance of guarantees under this Act. Any sums recovered pursuant to this section shall be paid into the emergency loan guarantee fund. (b) The Board shall be entitled to recover from the borrower, or Recovery rights. any other person liable therefor, the amount of any payments made pursuant to any guarantee agreement entered into under this Act, and upon making any such payment, the Board shall be subrogated to all the rights of the recipient thereof.

1 of 1 references resolved to an enrolled provision