7 USC § 938 - Full faith and credit of the United States

---
identifier: "/us/usc/t7/s938"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 938 - Full faith and credit of the United States"
title_number: 7
title_name: "AGRICULTURE"
section_number: "938"
section_name: "Full faith and credit of the United States"
chapter_number: 31
chapter_name: "RURAL ELECTRIFICATION AND TELEPHONE SERVICE"
subchapter_number: "III"
subchapter_name: "RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(May 20, 1936, ch. 432, title III, § 308, as added Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 94–124, § 2, Nov. 4, 1975, 89 Stat. 677; Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)"
---


# § 938. Full faith and credit of the United States

Any contract of insurance or guarantee executed by the Secretary under this subchapter shall be an obligation supported by the full faith and credit of the United States and incontestable except for fraud or misrepresentation of which the holder had actual knowledge at the time it became a holder.

---

**Source Credit**: (May 20, 1936, ch. 432, title III, § 308, as added Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 94–124, § 2, Nov. 4, 1975, 89 Stat. 677; Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)

## Editorial Notes

### Amendments

1994— substituted “Secretary” for “Administrator”.

1975— substituted “of which the holder had actual knowledge at the time it became a holder” for “of which the holder has actual knowledge”.

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective , see , set out as a note under .