7 CFR 4290.1720
§ 4290.1720 Characteristics of Agency's guarantee.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 4290.1720, § 4290.1720 Characteristics of Agency's guarantee, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31590
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Full text
If the Agency agrees to guarantee a RBIC's Debentures, such guarantee will be unconditional, irrespective of the validity, regularity or enforceability of the Debentures or any other circumstances that might constitute a legal or equitable discharge or defense of a guarantor. Pursuant to its guarantee, the Agency will make timely payments of principal and interest on the Debentures.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.