Federal regulations · Through 2026-08-25 · Newer source version available

12 CFR 1808.600: Full faith and credit and incontestability of Guarantee.

Where this section sits in the code

Title 12—Banks and Banking
CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY
PART 1808—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM
Subpart F—Terms and Conditions of Guarantee

The full faith and credit of the Federal Government is pledged to the payment of all Bonds issued as part of a Bond Issue with respect to Verifiable Losses of Principal, Interest, and Call Premium. An executed Guarantee shall be conclusive evidence that: the Guarantee has been properly authorized; the underlying Bond qualified for such Guarantee; and, but for fraud or material misrepresentation, such Guarantee will be presumed to be legally valid, binding, and enforceable.

Collected 2026-08-27T02:24:16Z. Source file · JSON

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