
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC2540b]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle A--General Military Law
 
                PART IV--SERVICE, SUPPLY, AND PROCUREMENT
 
 CHAPTER 148--NATIONAL DEFENSE TECHNOLOGY AND INDUSTRIAL BASE, DEFENSE 
                  REINVESTMENT, AND DEFENSE CONVERSION
 
              SUBCHAPTER VI--DEFENSE EXPORT LOAN GUARANTEES
 
Sec. 2540b. Limitations

    (a) Terms and Conditions of Loan Guarantees.--In issuing a guarantee 
under this subchapter for a medium-term or long-term loan, the Secretary 
may not offer terms and conditions more beneficial than those that would 
be provided to the recipient by the Export-Import Bank of the United 
States under similar circumstances in conjunction with the provision of 
guarantees for nondefense articles and services.
    (b) Losses Arising From Fraud or Misrepresentation.--No payment may 
be made under a guarantee issued under this subchapter for a loss 
arising out of fraud or misrepresentation for which the party seeking 
payment is responsible.
    (c) No Right of Acceleration.--The Secretary of Defense may not 
accelerate any guaranteed loan or increment, and may not pay any amount, 
in respect of a guarantee issued under this subchapter, other than in 
accordance with the original payment terms of the loan.

(Added Pub. L. 104-106, div. A, title XIII, Sec. 1321(a)(1), Feb. 10, 
1996, 110 Stat. 476.)

                  Section Referred to in Other Sections

    This section is referred to in section 2541c of this title.
