§1485. Sale or assignment of loans and underlying security

Any loan guaranteed under this subchapter, including the security given for such loan, may be sold or assigned by the lender to any person.

( Pub. L. 93–262, title II, §205, Apr. 12, 1974, 88 Stat. 80 ; Pub. L. 100–442, §2, Sept. 22, 1988, 102 Stat. 1763 .)

Amendments

1988-Pub. L. 100–442 amended section generally. Prior to amendment, section read as follows: "Any loan guaranteed hereunder, including the security given therefor, may be sold or assigned by the lender to any financial institution subject to examination and supervision by an agency of the United States or of any State or the District of Columbia."

Section Referred to in Other Sections

This section is referred to in section 1499 of this title.