§ 1488. — Lenders authorized to make loans; decrease or increase of liability under the guaranty.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1488]
TITLE 25--INDIANS
CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN
ORGANIZATIONS
SUBCHAPTER II--LOAN GUARANTY AND INSURANCE
Sec. 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, Sec. 208, Apr. 12, 1974, 88 Stat. 80.)
