12 CFR § 1808.600 - Full faith and credit and incontestability of Guarantee.
---
identifier: "/us/cfr/t12/s1808.600"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1808.600 - Full faith and credit and incontestability of Guarantee."
title_number: 12
title_name: "Banks and Banking"
section_number: "1808.600"
section_name: "Full faith and credit and incontestability of Guarantee."
chapter_name: "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY"
part_number: "1808"
part_name: "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "The Small Business Jobs Act of 2010, Pub. L. 111-240, §§ 1134 and 1703; 12 U.S.C. 4713a."
regulatory_source: "78 FR 8310, Feb. 5, 2013, unless otherwise noted."
cfr_part: "1808"
---
# 1808.600 Full faith and credit and incontestability of Guarantee.
The full faith and credit of the Federal Government is pledged to the payment of all Bonds issued as part of a Bond Issue with respect to Verifiable Losses of Principal, Interest, and Call Premium. An executed Guarantee shall be conclusive evidence that: the Guarantee has been properly authorized; the underlying Bond qualified for such Guarantee; and, but for fraud or material misrepresentation, such Guarantee will be presumed to be legally valid, binding, and enforceable.