---
kind: "section"
citation: "22 C.F.R. § 241.11"
title: "22"
number: "241.11"
heading: "Subrogation of USAID."
url: "https://uscodex.org/cfr/22/241.11"
---

# §241.11. Subrogation of USAID.


In the event of payment by USAID to a Noteholder under this Guarantee, USAID shall be subrogated to the extent of such payment to all of the rights of such Noteholder against the Borrower under the related Note.


## Notes

### Authority

Authority: Security Assistance Appropriations Act, 2017 (Div. B, Pub. L. 114-254).

### Source

Source: 82 FR 2218, Jan. 9, 2017, unless otherwise noted.