Title 20, Chapter 3, Section 281
( 20-3-281)
A lender may sell loans guaranteed by the corporation, or an
interest in such loans, to another lender only in accordance with
regulations of the corporation; and in such event the guaranty
liability of the corporation on such loans or interests therein
shall not be affected. A lender may pledge or assign loans
guaranteed by the corporation, or an interest in such loans, as
security to pledgees or assignees only in accordance with
regulations of the corporation; and in such event the guaranty
liability of the corporation on such loans or interests therein
shall not be affected. |