---
kind: "section"
citation: "12 C.F.R. § 1270.20"
title: "12"
number: "1270.20"
heading: "Consolidated obligations are not obligations of the United States or guaranteed by the United States."
url: "https://uscodex.org/cfr/12/1270.20"
---

# §1270.20. Consolidated obligations are not obligations of the United States or guaranteed by the United States.


Consolidated obligations are not obligations of the United States and are not guaranteed by the United States.


## Notes

### Authority

Authority: 12 U.S.C. 1431, 1432, 1435, 4511, 4512, 4513, and 4526.

### Source

Source: 76 FR 18369, Apr. 4, 2011, unless otherwise noted.