25 CFR 101.16
§ 101.16 Default on loans made by relending organizations.
United States · 25 CFR — Indians · Status: effective
Cite this
- Citation
- 25 CFR 101.16, § 101.16 Default on loans made by relending organizations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/104803
- Permanent ID
ys:prov:104803@1- SHA-256
005378e01db7a645b4d36b86c81667c9b74927b720c6a56eefb1d609f5afcdc5
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Relending organizations conducting relending programs using revolving loan funds will follow prudent lending practices in making and servicing loans and take appropriate actions to protect their interests in the security given to secure repayment of loans. Declarations of policy and plans of operation shall include procedures which will be followed in acting to correct a default, such as modification of loan agreement or foreclosure and liquidation of security. Relending organizations employing a general counsel will refer legal questions on foreclosure procedures and sale of security to their counsel.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.