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46 CFR §298.25

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
We shall not execute Guarantees if any agreement in the Documentation directly or indirectly provides for:
  1. (a)The payment to an Obligee of interest, or other compensation for services which have not been performed, in a manner that such compensation or payment is being provided as interest in excess of the rate approved by us; or
  2. (b)Grants of security to an Obligee in addition to the Guarantees.