49 CFR 22.69
§ 22.69 Claim process.
United States · 49 CFR — Transportation · Status: effective
Cite this
- Citation
- 49 CFR 22.69, § 22.69 Claim process, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/254378
- Permanent ID
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Full text
After reasonable efforts have been exhausted to collect on a delinquent debt, the Participating Lender may demand in writing that DOT OSDBU honor its loan guarantee, provided however that the maximum liability of DOT OSDBU shall not at any time exceed the guaranteed amount. The borrower must be in default for no less than thirty (30) days, and the Participating Lender must have made written demand for payment from the borrower, in accordance with the guarantee agreement.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.