13 CFR § 400.215 - Supplemental Guarantees.

---
identifier: "/us/cfr/t13/s400.215"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 400.215 - Supplemental Guarantees."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "400.215"
section_name: "Supplemental Guarantees."
chapter_name: "EMERGENCY STEEL GUARANTEE LOAN BOARD"
part_number: "400"
part_name: "EMERGENCY STEEL GUARANTEE LOAN PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Pub. L. 106-51, 113 Stat. 252 (15 U.S.C. 1841 note); Pub. L. 106-102, 113 Stat. 1338."
regulatory_source: "64 FR 57933, Oct. 27, 1999, unless otherwise noted."
cfr_part: "400"
---


# 400.215 Supplemental Guarantees.

The Board will allow the structure of a guaranteed loan to include one or more Supplemental Guarantees that cover the Unguaranteed Portion of the loan; provided that:

(a) There shall be no Supplemental Guarantee with respect to the Unguaranteed Portion required to be held by the Agent pursuant to § 400.210(c);

(b) The Loan Documents relating to any Supplemental Guarantee shall be acceptable in form and substance to the Board; and

(c) In approving the issuance of a Guarantee, the Board may impose any conditions with respect to Supplemental Guarantee(s) relating to the loan that it considers appropriate.

[66 FR 53080, Oct. 19, 2001]