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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 938 Full faith and credit of the United States us united_states_code code_section 7 AGRICULTURE 31 RURAL ELECTRIFICATION AND TELEPHONE SERVICE 938 7 U.S.C. § 938 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s938 data/legal/raw/us/code/title-07/usc07.xml 84e839662e3c9454a4d117f9f23887366d3421ff60cb91da6ba52f9f6e2213f3 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 478825ccfca9d4386f1ec9b011f4808757437d744f9173d4eef3f80180931728 2026-07-04 official
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7 U.S.C. § 938 - Full faith and credit of the United States

Text

Any contract of insurance or guarantee executed by the Secretary under this subchapter shall be an obligation supported by the full faith and credit of the United States and incontestable except for fraud or misrepresentation of which the holder had actual knowledge at the time it became a holder.

(May 20, 1936, ch. 432, title III, § 308, as added Pub. L. 9332, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 94124, § 2, Nov. 4, 1975, 89 Stat. 677; Pub. L. 103354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)

Notes

Editorial Notes

Amendments1994—Pub. L. 103354 substituted “Secretary” for “Administrator”. 1975—Pub. L. 94124 substituted “of which the holder had actual knowledge at the time it became a holder” for “of which the holder has actual knowledge”.

Statutory Notes and Related Subsidiaries

Effective DateSection effective May 11, 1973, see section 12 of Pub. L. 9332, set out as a note under section 930 of this title.