12 U.S.C. § 4744 — Participation agreements
U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 47 - COMMUNITY DEVELOPMENT BANKING SUBCHAPTER II - SMALL BUSINESS CAPITAL ENHANCEMENT Sec. 4744 - Participation agreements From the U.S. Government Publishing Office, www.gpo.gov
§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.)