15 USC § 693 - Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases
---
identifier: "/us/usc/t15/s693"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 693 - Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "693"
section_name: "Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases"
chapter_number: 14
chapter_name: "SMALL BUSINESS INVESTMENT PROGRAM"
subchapter_number: "IV–A"
subchapter_name: "GUARANTEES"
part_number: "A"
part_name: "Commercial or Industrial Lease and Qualified Contract Guarantees"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 85–699, title IV, § 402, as added Pub. L. 89–117, title III, § 316(a), Aug. 10, 1965, 79 Stat. 483; amended Pub. L. 91–609, title IX, § 911(a)(2), Dec. 31, 1970, 84 Stat. 1812.)"
---
# § 693. Powers of Administration respecting loans; liquidation of obligations through creation of new leases, execution of subleases, and assignments of leases
section 671 of this titlesection 634(b) of this title
Without limiting the authority conferred upon the Administrator and the Administration by , the Administrator and the Administration shall have, in the performance of and with respect to the functions, powers, and duties conferred by this part, all the authority and be subject to the same conditions prescribed in with respect to loans, including the authority to execute subleases, assignments of lease and new leases with any person, firm, organization, or other entity, in order to aid in the liquidation of obligations of the Administration hereunder.
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**Source Credit**: (Pub. L. 85–699, title IV, § 402, as added Pub. L. 89–117, title III, § 316(a), Aug. 10, 1965, 79 Stat. 483; amended Pub. L. 91–609, title IX, § 911(a)(2), Dec. 31, 1970, 84 Stat. 1812.)
## Editorial Notes
### Amendments
1970— substituted “part” for “title”.