45 CFR 286.210
§ 286.210 What is the penalty for a Tribe's failure to repay a Federal loan?
United States · 45 CFR — Public Welfare · Status: effective
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- Citation
- 45 CFR 286.210, § 286.210 What is the penalty for a Tribe's failure to repay a Federal loan?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/218685
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Full text
(a) If a Tribe fails to repay the amount of principal and interest due at any point under a loan agreement:
(1) The entire outstanding loan balance, plus all accumulated interest, becomes due and payable immediately; and
(2) We will reduce the TFAG payable for the immediately succeeding fiscal year quarter by the outstanding loan amount plus interest.
(b) Neither the reasonable cause provisions at § 286.225 nor the corrective compliance plan provisions at § 286.230 apply when a Tribe fails to repay a Federal loan.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.