
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: 7USC938]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
 
    SUBCHAPTER III--RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
 
Sec. 938. Full faith and credit of the United States

    Any contract of insurance or guarantee executed by the Secretary 
under this subchapter shall be an obligation supported by the full faith 
and credit of the United States and incontestable except for fraud or 
misrepresentation of which the holder had actual knowledge at the time 
it became a holder.

(May 20, 1936, ch. 432, title III, Sec. 308, as added Pub. L. 93-32, 
Sec. 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 94-124, Sec. 2, Nov. 
4, 1975, 89 Stat. 677; Pub. L. 103-354, title II, Sec. 235(a)(13), Oct. 
13, 1994, 108 Stat. 3221.)


                               Amendments

    1994--Pub. L. 103-354 substituted ``Secretary'' for 
``Administrator''.
    1975--Pub. L. 94-124 substituted ``of which the holder had actual 
knowledge at the time it became a holder'' for ``of which the holder has 
actual knowledge''.


                             Effective Date

    Section effective May 11, 1973, see section 12 of Pub. L. 93-32, set 
out as a note under section 930 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 939 of this title.
