1. Regulations
  2. title 22
  3. chapter II
  4. part 241
  5. § 241.11

View all text of Part 241 [§ 241.1 - § 241.16]

§ 241.11 - Subrogation of USAID.

In the event of payment by USAID to a Noteholder under this 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: Security Assistance Appropriations Act, 2017 (Div. B, Pub. L. 114-254).

SOURCE: 82 FR 2218, Jan. 9, 2017, unless otherwise noted.

CITE AS: 22 CFR 241.11