49 CFR 1325.1
§ 1325.1 Extension of unsecured credit prohibited.
United States · 49 CFR — Transportation · Status: effective
Cite this
- Citation
- 49 CFR 1325.1, § 1325.1 Extension of unsecured credit prohibited, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/264177
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Full text
Persons subject to regulation by the Surface Transportation Board shall not knowingly and willfully provide, for candidates for Federal office or their representatives, service or goods related to their campaign without obtaining either prepayment or a binding guarantee of payment through a sufficient deposit, bond, collateral, or other means of security. The extension of credit to such persons shall not exceed the amount of the security posted.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.