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15 U.S.C. · Commerce and Trade
15 U.S.C. § 642

Requirements for loans

Ch. 14A — AID TO SMALL BUSINESS
Title 15 U.S.C. ● ACTIVE Primary Source Ch. 14A
Statutory Text

15 U.S.C. § 642 — Requirements for loans

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 14A - AID TO SMALL BUSINESS Sec. 642 - Requirements for loans From the U.S. Government Publishing Office, www.gpo.gov

§642. Requirements for loans

No loan shall be made or equipment, facilities, or services furnished by the Administration under this chapter to any business enterprise unless the owners, partners, or officers of such business enterprise (1) certify to the Administration the names of any attorneys, agents, or other persons engaged by or on behalf of such business enterprise for the purpose of expediting applications made to the Administration for assistance of any sort, and the fees paid or to be paid to any such persons; (2) execute an agreement binding any such business enterprise for a period of two years after any assistance is rendered by the Administration to such business enterprise, to refrain from employing, tendering any office or employment to, or retaining for professional services, any person who, on the date such assistance or any part thereof was rendered, or within one year prior thereto, shall have served as an officer, attorney, agent, or employee of the Administration occupying a position or engaging in activities which the Administration shall have determined involve discretion with respect to the granting of assistance under this chapter; and (3) furnish the names of lending institutions to which such business enterprise has applied for loans together with dates, amounts, terms, and proof of refusal.

(Pub. L. 85–536, §2[13], July 18, 1958, 72 Stat. 394.)

Editorial Notes

Prior Provisions Prior similar provisions were contained in section 219 of act July 30, 1953, ch. 282, title II, 67 Stat. 239, which was previously classified to section 648 of this title. The provisions of section 213 of act July 30, 1953, formerly classified to this section, were transferred to section 2[8] of Pub. L. 85–536, and are classified to section 637(b)(6), (7) of this title. See Codification note set out under section 631 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 15 U.S.C. § 642 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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← 15 U.S.C. § 641 15 U.S.C. § 643 →
Ch. 14A — AID TO SMALL BUSINESS
15 U.S.C. § 63115 U.S.C. § 631a15 U.S.C. § 631b15 U.S.C. § 631c15 U.S.C. § 63215 U.S.C. § 63315 U.S.C. § 633a15 U.S.C. § 63415 U.S.C. § 634a15 U.S.C. § 634b15 U.S.C. § 634c15 U.S.C. § 634d15 U.S.C. § 634e15 U.S.C. § 634f15 U.S.C. § 634g15 U.S.C. § 63515 U.S.C. § 63615 U.S.C. § 636a15 U.S.C. § 636b15 U.S.C. § 636c15 U.S.C. § 636d15 U.S.C. § 636e15 U.S.C. § 636f15 U.S.C. § 636g15 U.S.C. § 636h15 U.S.C. § 636i15 U.S.C. § 636j15 U.S.C. § 636k15 U.S.C. § 636l15 U.S.C. § 636m
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