§ 763.3 Full faith and credit.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) The land contract guarantee constitutes an obligation supported by the full faith and credit of the United States. The Agency may contest the guarantee only in cases of fraud or misrepresentation by the seller, in which:
(1) The seller had actual knowledge of the fraud or misrepresentation at the time it because the seller, or
(2) The seller participated in or condoned the fraud or misrepresentation.
(b) Loss claims also may be reduced or denied to the extent that any negligence contributed to the loss under § 763.22.
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