[Code of Federal Regulations]
[Title 22, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 22CFR204.11]

[Page 816]
 
                       TITLE 22--FOREIGN RELATIONS
 
            CHAPTER II--AGENCY FOR INTERNATIONAL DEVELOPMENT
 
PART 204_HOUSING GUARANTY STANDARD TERMS AND CONDITIONS--Table of Contents
 
                         Subpart B_The Guaranty
 
Sec. 204.11  The Guaranty.


    Subject to these standard terms and conditions, the United States of 
America, acting through A.I.D., agrees to pay to any Lender or Assignee 
who has been determined to be an Eligible Investor compensation in 
Dollars equal to its Loss of Investment under the Eligible Note; 
provided, however, that no such payment shall be made for any such loss 
arising out of fraud or misrepresentation for which such Lender or 
Assignee is responsible or of which it had knowledge at the time it 
became such Lender or Assignee.

This Guaranty shall apply to each Eligible Note registered on the Note 
Register required to be maintained by the Paying Agent.