{"data":{"id":"us/46-cfr-298.25","jurisdiction":"us","citation":"46 CFR 298.25","heading":"Excess interest or other consideration.","body":"We shall not execute Guarantees if any agreement in the Documentation directly or indirectly provides for:\n(a) The payment to an Obligee of interest, or other compensation for services which have not been performed, in a manner that such compensation or payment is being provided as interest in excess of the rate approved by us; or\n(b) Grants of security to an Obligee in addition to the Guarantees.","path":["Title 46—Shipping","CHAPTER II—MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION","SUBCHAPTER D—VESSEL FINANCING ASSISTANCE","PART 298—OBLIGATION GUARANTEES","Subpart C—Guarantees"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-46.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:22Z","sha256":"30b5b24aa1cf45bdaa80339a494e6024f9382774dd10b868d0296451eff4176b","source_id":"us-cfr","stale":true,"prev":"us/46-cfr-298.24","next":"us/46-cfr-298.26"},"notice":"GroundRules: Original legal text. Not legal advice."}