CFR 13-115.17-2014
Business credit and assistance. Part115:Surety bond guarantee. SubpartA:Provisions for all surety bond guarantees. Section115.17:Minimization of Surety's Loss.

Standard No.

CFR 13-115.17-2014

Release Date

2014

Published By

US-CFR-file

Latest

CFR 13-115.17-2014

Scope

(a) Indemnity agreements and collateral—(1) Requirements. The Surety must take all reasonable action to minimize risk of Loss including, but not limited to, obtaining from each Principal a written indemnity agreement which covers actual Losses under the Contract and Imminent Breach payments under §115.34(a) or §115.69.

CFR 13-115.17-2014 history

• 2014 CFR 13-115.17-2014 Business credit and assistance. Part115:Surety bond guarantee. SubpartA:Provisions for all surety bond guarantees. Section115.17:Minimization of Surety's Loss.