Full faith and credit.

CFR · 2024-01-01 · US · Title 7

(a) (1) The lender or holder had actual knowledge of the fraud or misrepresentation at the time it became the lender or holder, or (2) The lender or holder participated in or condoned the fraud or misrepresentation. (b) (1) Violation of usury laws; (2) Negligent servicing; (3) Failure to obtain the required security; or, (4) Failure to use loan funds for purposes specifically approved by the Agency. (c) (1) The loan guarantee is contestable based on the lender's fraud or misrepresentation; or (2) The loan note guarantee is unenforceable by the lender based on a lender violation.

official document · source cfr-2024 · id 7:§ 762.103