42 CFR 57.1516
§ 57.1516 Right of recovery-subordination.
United States · 42 CFR — Public Health · Status: effective
Cite this
- Citation
- 42 CFR 57.1516, § 57.1516 Right of recovery-subordination, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/201180
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Full text
(a) The United States shall be entitled to recover from the applicant for a loan guarantee under this subpart the amount of any payment made pursuant to such guarantee, unless the Secretary waives such right of recovery as provided in § 57.1517.
(b) Upon making of any payments pursuant to a loan guarantee under this subpart, the United States shall be subrogated to all of the rights of the recipient of the payments with respect to which the guarantee was made.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.