Collapse to view only § 1917. Repealed.
- §§ 1911 to 1915. Repealed.
- § 1916. Administration of financial assistance; recording of mortgages
- § 1917. Repealed.
- § 1918. Protective provisions
- § 1919. Penalties
- § 1920. Suits by and against Secretary of Commerce
§§ 1911 to 1915. Repealed. Pub. L. 93–618, title VI, § 602(e), Jan. 3, 1975, 88 Stat. 2072
§ 1916. Administration of financial assistance; recording of mortgages
(a) Guarantees, agreements for deferred participation, and loans
In making and administering guarantees, agreements for deferred participation, and loans under section 1914 1
1 See References in Text note below.
of this title, the Secretary of Commerce may—(1) require security for any such guarantee, agreement, or loan, and enforce, waive, or subordinate such security;
(2) assign or sell at public or private sale, or otherwise dispose of, upon such terms and conditions and for such consideration as he shall determine to be reasonable, any evidence of debt, contract, claim, personal property, or security assigned to or held by him in connection with such guarantees, agreements, or loans, and collect, compromise, and obtain deficiency judgments with respect to all obligations assigned to or held by him in connection with such guarantees, agreements, or loans until such time as such obligations may be referred to the Attorney General for suit or collection;
(3) renovate, improve, modernize, complete, insure, rent, sell, or otherwise deal with, upon such terms and conditions and for such consideration as he shall determine to be reasonable, any real or personal property conveyed to or otherwise acquired by him in connection with such guarantees, agreements, or loans;
(4) acquire, hold, transfer, release, or convey any real or personal property or any interest therein whenever deemed necessary or appropriate, and execute all legal documents for such purposes; and
(5) exercise all such other powers and take all such other acts as may be necessary or incidental to the carrying out of functions pursuant to section 1914 of this title.
(b) Mortgages
(Pub. L. 87–794, title III, § 316, Oct. 11, 1962, 76 Stat. 888.)
§ 1917. Repealed. Pub. L. 93–618, title VI, § 602(e), Jan. 3, 1975, 88 Stat. 2072
§ 1918. Protective provisions
(a) Maintenance of records by recipients of assistance
(b) Access to books, documents, papers, and records for purpose of audit and examination
(c) Certification of names and fees of attorneys, agents, and other persons engaged for purpose of expediting applications for assistance
No adjustment assistance shall be extended under section 1913, 1914, or 1917 1 of this title to any firm unless the owners, partners, or officers certify to the Secretary of Commerce—
(1) the names of any attorneys, agents, and other persons engaged by or on behalf of the firm for the purpose of expediting applications for such adjustment assistance, and
(2) the fees paid or to be paid to any such person.
(d) Agreement with respect to employment of persons who occupied a position, or engaged in activities which the Secretary of Commerce determines involved discretion
(Pub. L. 87–794, title III, § 318, Oct. 11, 1962, 76 Stat. 891.)
§ 1919. Penalties
Whoever makes a false statement of a material fact knowing it to be false, or knowingly fails to disclose a material fact, or whoever willfully overvalues any security, for the purpose of influencing in any way the action of the Secretary of Commerce under this part, or for the purpose of obtaining money, property, or anything of value under this part, shall be fined not more than $5,000 or imprisoned for not more than two years, or both.
(Pub. L. 87–794, title III, § 319, Oct. 11, 1962, 76 Stat. 892.)
§ 1920. Suits by and against Secretary of Commerce
In providing technical and financial assistance under sections 1913 and 1914 1
1 See References in Text note below.
of this title, the Secretary of Commerce may sue and be sued in any court of record of a State having general jurisdiction or in any United States district court, and jurisdiction is conferred upon such district court to determine such controversies without regard to the amount in controversy; but no attachment, injunction, garnishment, or other similar process, mesne or final, shall be issued against him or his property. Nothing in this section shall be construed to except the activities pursuant to sections 1913 and 1914 1 of this title from the application of sections 517, 519, and 2679 of title 28.(Pub. L. 87–794, title III, § 320, Oct. 11, 1962, 76 Stat. 892.)