Title 25 of the U.S. Code § 1488 - Lenders authorized to make loans; decrease or increase of liability under the guaranty
Full text of § 1488 from Title 25 of the United States Code.
§ 1488. Lenders authorized to make loans; decrease or increase of liability under the guaranty
Loans guaranteed hereunder may be made by any lender satisfactory to the Secretary, except as provided in section 1486 of this title. The liability under the guaranty shall decrease or increase pro rata with any decrease or increase in the unpaid portion of the obligation.
(Pub. L. 93–262, title II, §208, Apr. 12, 1974, 88 Stat. 80.)
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25 U.S.C. § 1488 is part of Title 25 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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