1. Regulations
  2. title 22
  3. chapter II
  4. part 235
  5. § 235.11

View all text of Part 235 [§ 235.1 - § 235.16]

§ 235.11 - Subrogation of USAID.

In the event of payment by USAID to a Noteholder under the Guarantee, USAID shall be subrogated to the extent of such payment to all of the rights of such Noteholder against the Borrower under the related Note.

AUTHORITY: Sec. 7041(g)(1)(A), Div. K, Pub. L. 113-76, 128 Stat. 5.

SOURCE: 79 FR 35283, June 20, 2014, unless otherwise noted.

CITE AS: 22 CFR 235.11