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25 U.S.C. · Indians
25 U.S.C. § 1493

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

Ch. 17 — FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS
Title 25 U.S.C. ● ACTIVE Primary Source Ch. 17
Statutory Text

25 U.S.C. § 1493 — Loan refusal; conditions; prohibition against acquisition of additional loans; payment of claims on loans made in good faith

U.S.C. Title 25 - INDIANS 25 U.S.C. United States Code, 2023 Edition Title 25 - INDIANS CHAPTER 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS SUBCHAPTER II - LOAN GUARANTY AND INSURANCE Sec. 1493 - Loan refusal; conditions; prohibition against acquisition of additional loans; payment of claims on loans made in good faith From the U.S. Government Publishing Office, www.gpo.gov

§1493. Loan refusal; conditions; prohibition against acquisition of additional loans; payment of claims on loans made in good faith

Whenever the Secretary finds that any lender or holder of a guaranty certificate fails to maintain adequate accounting records, or to demonstrate proper ability to service adequately loans guaranteed or insured, or to exercise proper credit judgment, or has willfully or negligently engaged in practices otherwise detrimental to the interests of a borrower or of the United States, he may refuse, either temporarily or permanently, to guarantee or insure any further loans made by such lender or holder, and may bar such lender or holder from acquiring additional loans guaranteed or insured hereunder: Provided, That the Secretary shall not refuse to pay a valid guaranty or insurance claim on loans previously made in good faith.

(Pub. L. 93–262, title II, §213, Apr. 12, 1974, 88 Stat. 81.)

Source: uscode.house.gov — public domain Official Source ↗
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boisestandard.org
Citation
25 U.S.C. § 1493
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178981c73dca0d38...
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The statutory text of 25 U.S.C. § 1493 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 17 — FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS
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25 U.S.C. — public domain ← All Legislation
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