---
kind: "section"
citation: "24 C.F.R. § 1005.401"
title: "24"
number: "1005.401"
heading: "Eligible Borrowers."
url: "https://uscodex.org/cfr/24/1005.401"
---

# §1005.401. Eligible Borrowers.

- (a) **Eligible Borrowers.** Eligible Borrowers are Indian Families, Tribes, or TDHEs.
- (b) **Documentation.** Indian Family Borrowers must document their status as American Indian or Alaska Native through evidence as prescribed by [Section 184](/cfr/24/184.md) Program Guidance.
- (c) **Limitation on the number of loans.** An Indian Family Borrower is limited to one [Section 184](/cfr/24/184.md) Guaranteed Loan, for primary residence, at a time unless the Indian Family Borrower is a non-occupant co-Borrower on one other [Section 184](/cfr/24/184.md) Guaranteed Loan. An Indian Family Borrower and/or non-occupant co-Borrower must meet all other applicable requirements of this subpart and any guidance provided in [Section 184](/cfr/24/184.md) Program Guidance.

## Notes

### Authority

Authority: 12 U.S.C. 1715z-13a; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 89 FR 20056, Mar. 20, 2024; 89 FR 22084, Mar. 29, 2024, unless otherwise noted.