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  2. Federal Reserve Act and Related Statutes
  3. Economic Policy, Assignment of Claims, and Credit Controls
  4. EMERGENCY LOAN GUARANTEE ACT
  5. SECTION 5
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SECTION 5—Security for Loan Guarantees

In negotiating a loan guarantee under this Act, the Board shall make every effort to arrange that the payment of the principal of and interest on any plan guaranteed shall be secured by sufficient property of the enterprise to collateralize fully the amount of the loan guarantee.
[15 USC 1844.]
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