12 CFR 1808.600
§ 1808.600 Full faith and credit and incontestability of Guarantee.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1808.600, § 1808.600 Full faith and credit and incontestability of Guarantee, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51399
- Permanent ID
ys:prov:51399@1- SHA-256
1499608babae8a5b0302fe5161ff1249148475d5f375615e5016377d39c25abb
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The full faith and credit of the Federal Government is pledged to the payment of all Bonds issued as part of a Bond Issue with respect to Verifiable Losses of Principal, Interest, and Call Premium. An executed Guarantee shall be conclusive evidence that: the Guarantee has been properly authorized; the underlying Bond qualified for such Guarantee; and, but for fraud or material misrepresentation, such Guarantee will be presumed to be legally valid, binding, and enforceable.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.