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US Code · Through Public Law 119-103 (09/02/2026) · Newer source version available

15 U.S.C. § 1850: Protection of Government’s interest

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Where this section sits in the code
  1. Title 15—COMMERCE AND TRADE
  2. CHAPTER 45—EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES

(a) Attorney General, enforcement authority; payments into emergency loan guarantee fundThe Attorney General shall take such action as may 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 chapter. Any sums recovered pursuant to this section shall be paid into the emergency loan guarantee fund. (b) Recovery rights; subrogationThe Board shall be entitled to recover from the borrower, or any other person liable therefor, the amount of any payments made pursuant to any guarantee agreement entered into under this chapter, and upon making any such payment, the Board shall be subrogated to all the rights of the recipient thereof.

Collected 2026-09-10T05:56:39Z. Source file · JSON

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