10 U.S.C. § 2540b
Title 10
Chapter 148
Current through PL 116-220
~1 min read
Last updated: March 30, 2026
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Sections in this chapter
- § 2500
- § 2501
- § 2502
- § 2503
- § 2504
- § 2504a
- § 2505
- § 2506
- § 2507
- § 2508
- § 2509
- § 2511
- § 2513
- § 2514
- § 2515
- § 2516
- § 2517
- § 2518
- § 2519
- § 2520
- § 2521
- § 2522
- § 2524
- § 2525
- § 2531
- § 2532
- § 2533
- § 2533a
- § 2533b
- § 2533c
- § 2534
- § 2535
- § 2536
- § 2537
- § 2538
- § 2539
- § 2539a
- § 2539b
- § 2540
- § 2540a
- § 2540b
- § 2540c
- § 2540d
- § 2541
- § 2541a
- § 2541b
- § 2541c
- § 2541d
§ 2540b. Limitations
- (a) In issuing a guarantee under this subchapter for a medium-term or long-term loan, the Secretary may not offer terms and conditions more beneficial than those that would be provided to the recipient by the Export-Import Bank of the United States under similar circumstances in conjunction with the provision of guarantees for nondefense articles and services.
- (b) No payment may be made under a guarantee issued under this subchapter for a loss arising out of fraud or misrepresentation for which the party seeking payment is responsible.
- (c) The Secretary of Defense may not accelerate any guaranteed loan or increment, and may not pay any amount, in respect of a guarantee issued under this subchapter, other than in accordance with the original payment terms of the loan.
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