PocketLaw | USC 25 | LOAN GUARANTY AND INSURANCE

LOAN GUARANTY AND INSURANCE

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Loan guaranties and insurance

Premium charges; deposits in Indian Loan Guaranty and Insurance Fund

Interest rate

Application for loan; approval by Secretary; issuance of certificate; limitations on amount of loans to individual Indians or economic enterprises; review by Secretary

Sale or assignment of loans and underlying security

Loans ineligible for guaranty or insurance

Loans eligible for insurance

Lenders authorized to make loans; decrease or increase of liability under the guaranty

Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars

Maturity of loans

Defaults; written notification; pro rata payments; subrogation and assignment rights of Secretary; cancellation of uncollectable portion of obligations; forbearance for benefit of borrower; interest or charges cessation date

Claims for losses; submission to Secretary; reimbursement: single and aggregate loss limitations, conditions; assignment of note or judgment; collection or cancellation by Secretary; interest or charges cessation date

Loan refusal; conditions; prohibition against acquisition of additional loans; payment of claims on loans made in good faith

Evidence of eligibility of loan for and amount of guaranty or insurance; defenses and partial defenses against original lender

Land and personal property titles

Powers of Secretary; finality of financial transactions and property acquisitions, management, and dispositions

Indian Loan Guaranty and Insurance Fund

Supplemental surety bond guarantee

Rules and regulations

Limitation on guarantee of debt issues; approval of bond issue sale