Source: https://www.law.cornell.edu/uscode/text/15/642
Timestamp: 2015-11-26 23:04:46
Document Index: 386967800

Matched Legal Cases: ['§ 642', '§ 642', '§ 642', '§\u202f642', '§\u202f2', 'art 103', 'art 105']

15 U.S. Code § 642 - Requirements for loans | US Law | LII / Legal Information Institute
U.S. Code › Title 15 › Chapter 14A › § 642 15 U.S. Code § 642 - Requirements for loans
§ 642.
No loan shall be made or equipment, facilities, or services furnished by the Administration under this chapter to any business enterprise unless the owners, partners, or officers of such business enterprise (1) certify to the Administration the names of any attorneys, agents, or other persons engaged by or on behalf of such business enterprise for the purpose of expediting applications made to the Administration for assistance of any sort, and the fees paid or to be paid to any such persons; (2) execute an agreement binding any such business enterprise for a period of two years after any assistance is rendered by the Administration to such business enterprise, to refrain from employing, tendering any office or employment to, or retaining for professional services, any person who, on the date such assistance or any part thereof was rendered, or within one year prior thereto, shall have served as an officer, attorney, agent, or employee of the Administration occupying a position or engaging in activities which the Administration shall have determined involve discretion with respect to the granting of assistance under this chapter; and (3) furnish the names of lending institutions to which such business enterprise has applied for loans together with dates, amounts, terms, and proof of refusal.
(Pub. L. 85–536, § 2[13], July 18, 1958, 72 Stat. 394.)
Prior similar provisions were contained in section 219 of act July 30, 1953, ch. 282, title II, 67 Stat. 239, which was previously classified to section 648 of this title. The provisions of section 213 of act July 30, 1953, formerly classified to this section, were transferred to section 2[8] of Pub. L. 85–536, and are classified to section 637(b)(6), (7) of this title. See Codification note set out under section 631 of this title.
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.13 CFR - Business Credit and Assistance13 CFR Part 103 - STANDARDS FOR CONDUCTING BUSINESS WITH SBA13 CFR Part 105 - STANDARDS OF CONDUCT AND EMPLOYEE RESTRICTIONS AND RESPONSIBILITIES