Participation agreements — Us Code Code § 4744
Us Code Code § 4744 — Participation agreements. Reproduced from the official United States Code, with a citation summary, verification link, and related provisions.
§ 4744. Participation agreements
(a) In general
A participating State may enter into a participation agreement with any financial institution determined by the participating State, after consultation with the appropriate Federal banking agency, to have sufficient commercial lending experience and financial and managerial capacity to participate in the Program. The determination by the State shall not be reviewable by the Fund.
(b) Participating financial institutions
Upon entering into the participation agreement with the participating State, the financial institution shall become a participating financial institution eligible to enroll loans under the Program.
(Pub. L. 103–325, title II, §254, Sept. 23, 1994, 108 Stat. 2207.)
About This Section
12 U.S.C. § 4744 is part of Title 12 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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