Loan Guaranty and Insurance | Midpage

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United States Code

Subchapter II

Loan Guaranty and Insurance

1481Loan guaranties and insurance 1482Premium charges; deposits in Indian Loan Guaranty and Insurance Fund 1483Interest rate 1484Application for loan; approval by Secretary; issuance of certificate; limitations on amount of loans to individual Indians or economic enterprises; review by Secretary 1485Sale or assignment of loans and underlying security 1486Loans ineligible for guaranty or insurance 1487Loans eligible for insurance 1488Lenders authorized to make loans; decrease or increase of liability under the guaranty 1489Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars 1490Maturity of loans 1491Defaults; 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 1492Claims 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 1493Loan refusal; conditions; prohibition against acquisition of additional loans; payment of claims on loans made in good faith 1494Evidence of eligibility of loan for and amount of guaranty or insurance; defenses and partial defenses against original lender 1495Land and personal property titles 1496Powers of Secretary; finality of financial transactions and property acquisitions, management, and dispositions 1497Indian Loan Guaranty and Insurance Fund 1497aSupplemental surety bond guarantee 1498Rules and regulations 1499Limitation on guarantee of debt issues; approval of bond issue sale