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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 42 - Public Health |
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Chapter I - Public Health Service, Department of Health and Human Services |
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SubChapter D - Grants |
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Part 57 - Grants for Construction of Teaching Facilities, Educational Improvements, Scholarships and Student Loans |
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Subpart P - Loan Guarantees and Interest Subsidies to Assist in Construction of Teaching Facilities for Health Profession Personnel |
§ 57.1516 - Right of recovery-subordination.
Latest version.
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§ 57.1516 Right of recovery-subordination.
(a) The United States shall be entitled to recover from the applicant for a loan guarantee under this subpart the amount of any payment made pursuant to such guarantee, unless the Secretary waives such right of recovery as provided in § 57.1517.
(b) Upon making of any payments pursuant to a loan guarantee under this subpart, the United States shall be subrogated to all of the rights of the recipient of the payments with respect to which the guarantee was made.