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25 U.S.C. § 1488

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

United States · Title 25 — INDIANS · Status: effective

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25 U.S.C. § 1488, Lenders authorized to make loans; decrease or increase of liability under the guaranty, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/460930
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Full text

Loans guaranteed hereunder may be made by any lender satisfactory to the Secretary, except as provided in section 1486 of this title. The liability under the guaranty shall decrease or increase pro rata with any decrease or increase in the unpaid portion of the obligation.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 93-262(S. 1341)1974-04-12
    Indian Financing Act of 1974
    House: no recorded tallySenate: no recorded tally