U.S. CODE
Rulings
AD/CVD
Notices
HTSUS
U.S. Code
Regs
More
Ports
About
Updates
Apps
Larger font
Smaller font
CustomsMobile Pro
beta now open!
Apply for a FREE beta account. Spaces are limited so apply today.
SIGNUP FOR BETA
SEARCH
Toggle Dropdown
Search US Code
Search Leg. Notes
Sort by Rank
Titles Ascending
Titles Descending
10 per page
25 Result/page
50 Result/page
U.S Code last checked for updates: Nov 26, 2024
All Titles
Title 19
Chapter 12
Subchapter II
Part
§ 2346. Delegation of functions ...
§ 2348. Protective provisions...
§ 2346. Delegation of functions ...
§ 2348. Protective provisions...
U.S. Code
Notes
§ 2347.
Administration of financial assistance
(a)
Powers of Secretary
In making and administering guarantees and loans under
section 2344 of this title
, the Secretary may—
(1)
require security for any such guarantee or loan, and enforce, waive, or subordinate such security;
(2)
assign or sell at public or private sale, or otherwise dispose of, upon such terms and conditions and for such consideration as he shall determine to be reasonable, any evidence of debt, contract, claim, personal property, or security assigned to or held by him in connection with such guarantees or loans, and collect, compromise, and obtain deficiency judgments with respect to all obligations assigned to or held by him in connection with such guarantees or loans until such time as such obligations may be referred to the Attorney General for suit or collection;
(3)
renovate, improve, modernize, complete, insure, rent, sell, or otherwise deal with, upon such terms and conditions and for such consideration as he shall determine to be reasonable, any real or personal property conveyed to or otherwise acquired by him in connection with such guarantees or loans;
(4)
acquire, hold, transfer, release, or convey any real or personal property or any interest therein whenever deemed necessary or appropriate, and execute all legal documents for such purposes; and
(5)
exercise all such other powers and take all such other acts as may be necessary or incidental to the carrying out of functions pursuant to
section 2344 of this title
.
(b)
Recordation of mortgages
(c)
Availability of receipts for financing functions
(d)
Privileged or confidential information
(e)
Capital assets secured by first lien; exceptions
(
Pub. L. 93–618, title II, § 257
,
Jan. 3, 1975
,
88 Stat. 2033
;
Pub. L. 97–35, title XXV, § 2525
,
Aug. 13, 1981
,
95 Stat. 892
.)
cite as:
19 USC 2347
.list_box li,p,.cm-search-info,.cm-search-detail,.abt span,.expand-collapse_top
Get the CustomsMobile app!