
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC1850]

 
                      TITLE 15--COMMERCE AND TRADE
 
      CHAPTER 45--EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES
 
Sec. 1850. Protection of Government's interest


(a) Attorney General, enforcement authority; payments into emergency 
        loan guarantee fund

    The Attorney General shall take such action as may be appropriate to 
enforce any right accruing to the United States or any officer or agency 
thereof as a result of the issuance of guarantees under this chapter. 
Any sums recovered pursuant to this section shall be paid into the 
emergency loan guarantee fund.

(b) Recovery rights; subrogation

    The Board shall be entitled to recover from the borrower, or any 
other person liable therefor, the amount of any payments made pursuant 
to any guarantee agreement entered into under this chapter, and upon 
making any such payment, the Board shall be subrogated to all the rights 
of the recipient thereof.

(Pub. L. 92-70, Sec. 11, Aug. 9, 1971, 85 Stat. 181.)
