1. Regulations
  2. title 22
  3. chapter II
  4. part 236
  5. § 236.11

View all text of Part 236 [§ 236.1 - § 236.16]

§ 236.11 - 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. 1706(j), Div. F, Public Law 113-6.

SOURCE: 79 FR 41883, July 18, 2014, unless otherwise noted.

CITE AS: 22 CFR 236.11