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U.S. Code as of:
01/19/04
Section 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.
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