25 CFR 103.31 - What loan servicing requirements apply to BIA?

Regulations last checked for updates: Nov 24, 2024

Title 25 - Indians last revised: Mar 22, 2024

View all text of Subpart F [§ 103.30 - § 103.34]

§ 103.31 - What loan servicing requirements apply to BIA?

Once a lender extends a loan that is guaranteed or insured under the Program, BIA has no responsibility for decisions concerning it, except for:

(a) Any approvals required under this part;

(b) Any decisions reserved to BIA under conditions of BIA's guaranty certificate or insurance coverage; and

(c) Decisions concerning a loan that the lender has assigned to BIA or to which BIA is subrogated by virtue of paying a claim based on a guaranty certificate or insurance coverage.

authority: 25 U.S.C. 1498,1511

source: 66 FR 3867, Jan. 17, 2001, unless otherwise noted.

cite as: 25 CFR 103.31