
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: 25USC1494]

 
                            TITLE 25--INDIANS
 
    CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN 
                              ORGANIZATIONS
 
               SUBCHAPTER II--LOAN GUARANTY AND INSURANCE
 
Sec. 1494. Evidence of eligibility of loan for and amount of 
        guaranty or insurance; defenses and partial defenses against 
        original lender
        
    Any evidence of guaranty or insurance issued by the Secretary shall 
be conclusive evidence of the eligibility of the loan for guaranty or 
insurance under the provisions of this chapter and the amount of such 
guaranty or insurance: Provided, That nothing in this section shall 
preclude the Secretary from establishing, as against the original 
lender, defenses based on fraud or material misrepresentation or bar him 
from establishing, by regulations in force at the date of such issuance 
or disbursement, whichever is the earlier, partial defenses to the 
amount payable on the guaranty or insurance.

(Pub. L. 93-262, title II, Sec. 214, Apr. 12, 1974, 88 Stat. 81.)

                  Section Referred to in Other Sections

    This section is referred to in section 1499 of this title.
