Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
38 lines
1.7 KiB
Markdown
38 lines
1.7 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 4744"
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description: "Participation agreements"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "47"
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chapter_name: "COMMUNITY DEVELOPMENT BANKING"
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section: "4744"
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citation: "12 U.S.C. § 4744"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s4744"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "e9b288e40494bcc8695f5a82faffc6cc3cadff114a5ac095d59aefdcf3b51502"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "237eacb0f94c7bd1d47c659b37bf6d857b7dbe02e5231872643f5726b58e380f"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 4744 - Participation agreements
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## Text
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(a) In general A participating State may enter into a participation agreement with any financial institution determined by the participating State, after consultation with the appropriate Federal banking agency, to have sufficient commercial lending experience and financial and managerial capacity to participate in the Program. The determination by the State shall not be reviewable by the Fund.
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(b) Participating financial institutions Upon entering into the participation agreement with the participating State, the financial institution shall become a participating financial institution eligible to enroll loans under the Program.
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(Pub. L. 103–325, title II, § 254, Sept. 23, 1994, 108 Stat. 2207.)
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