22 CFR 221.31 - Prosecution of claims.

Regulations last checked for updates: May 18, 2024

Title 22 - Foreign Relations last revised: May 13, 2024

View all text of Subpart D [§ 221.31 - § 221.32]

§ 221.31 - Prosecution of claims.

After payment by A.I.D. to an Applicant pursuant to § 221.21, A.I.D. shall have exclusive power to prosecute all claims related to rights to receive payments under the Eligible Notes to which it is thereby subrogated. If a Noteholder continues to have an interest in the outstanding Eligible Notes, such a Noteholder and A.I.D. shall consult with each other with respect to their respective interests in such Eligible Notes and the manner of and responsibility for prosecuting claims.

authority: 22 U.S.C. 2186.

source: 58 FR 14148, Mar. 16, 1993, unless otherwise noted.

cite as: 22 CFR 221.31