25 CFR 103.41 - What happens if a lender violates provisions of this part?

Regulations last checked for updates: Nov 24, 2024

Title 25 - Indians last revised: Mar 22, 2024

View all text of Subpart G [§ 103.35 - § 103.43]

§ 103.41 - What happens if a lender violates provisions of this part?

In addition to reducing or eliminating payment on a specific claim for loss, BIA may either temporarily suspend, or permanently bar, a lender from making or acquiring loans under the Program if the lender repeatedly fails to abide by the requirements of this part, or if the lender significantly violates the requirements of this part on any single occasion.

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

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

cite as: 25 CFR 103.41