https://www.gao.gov/products/418856

A-74701: Feb 04, 1937

1937: I HAVE YOUR LETTER OF DECEMBER 30. WHICH WILL BE SELF-EXPLANATORY. HAS BEEN OUR EXPERIENCE THAT PAYMENT IN FULL FROM THE DEBTORS CAN FREQUENTLY BE OBTAINED IF NO ATTEMPT IS MADE TO REPOSSESS THE EQUIPMENT INVOLVED. IT IS ALSO A WELL RECOGNIZED FACT THAT FREQUENTLY THE PRICE OBTAINED UPON RESALE OF SUCH EQUIPMENT IS NOT EQUAL TO THE UNPAID BALANCE OF THE DEBTOR'S OBLIGATION. THE FEDERAL HOUSI...

https://www.gao.gov/products/448021

A-74701: Oct 06, 1936

BE TREATED AS LOSSES FOR THE PURPOSE OF REIMBURSING THE LENDING INSTITUTIONS THE ENTIRE UNPAID BALANCES IN CASES WHERE IT IS CLEAR THAT THE ENTIRE UNPAID BALANCES WILL BE A CLAIM AGAINST THE GOVERNMENT. ARE ASSIGNED TO THE UNITED STATES. AS FOLLOWS: REFERENCE IS MADE TO YOUR OFFICE LETTER OF MAY 22. THE PERIOD IN WHICH APPLICATION MAY BE MADE BEING LIMITED TO 13 MONTHS FROM DEFAULT UNLESS COLLECTI...