Security for loan; assignment of securities; reasonable assurance of repayment

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Title 25—INDIANS > CHAPTER 17—FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS > SUBCHAPTER I—INDIAN REVOLVING LOAN FUND

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Any organization receiving a loan from the revolving loan fund shall be required to assign to the United States as security for the loan all securities acquired in connection with the loans made to its members from such funds unless the Secretary determines that the repayment of the loan to the United States is otherwise reasonably assured.

( Pub. L. 93–262, title I, § 107 , Apr. 12, 1974 , 88 Stat. 79 .)

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