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49 CFR 260.45 - Events of default for guaranteed loans.
(b) If the default has continued for more than 90 days, the Administrator will pay to the Lender, or the Lenders agent, 90 percent of the unpaid guaranteed
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U.S. Department of Energy
Apr 30, 2021 In a federal loan guarantee program, the government guarantees that it will pay lenders if a borrower defaults on a loan, helping borrowers
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49 CFR 260.45 -- Events of default for guaranteed loans.
(b) If the default has continued for more than 90 days, the Administrator will pay to the Lender, or the Lenders agent, 90 percent of the unpaid guaranteed
Learn more