12 U.S.C. · Banks and Banking
12 U.S.C. § 4744

Participation agreements

Ch. 47 — COMMUNITY DEVELOPMENT BANKING
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 47
Statutory Text

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.)

Source: uscode.house.gov — public domain Official Source ↗
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BS-USC12-SEC-A9F8B7
Entity Class
STATUTE / FEDERAL-CODE-SECTION
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boisestandard.org
Citation
12 U.S.C. § 4744
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12909d4d453cfc66...
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The statutory text of 12 U.S.C. § 4744 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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