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Title 22 Part 204 → Subpart B → §204.13

Title 22 → Chapter II → Part 204 → Subpart B → §204.13

Electronic Code of Federal Regulations e-CFR

Title 22 Part 204 → Subpart B → §204.13

e-CFR data is current as of October 11, 2019

Title 22Chapter IIPart 204Subpart B → §204.13


Title 22: Foreign Relations
PART 204—HOUSING GUARANTY STANDARD TERMS AND CONDITIONS
Subpart B—The Guaranty


§204.13   Non-impairment of the guaranty.

The full faith and credit of the United States of America is pledged to the performance of this Guaranty. The Guaranty shall not be affected or impaired by any defect in the authorization, execution, delivery or enforceability of any agreement or other document executed by the Lender, A.I.D., the Paying Agent or the Borrower in connection with the transactions contemplated by this Guaranty. This non-impairment of the guaranty provision shall not, however, be operative with respect to any amount arising out of fraud or misrepresentation for which the Lender or Assignee is responsible or of which it had knowledge prior to the time it became such Lender or Assignee.


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