---
kind: "section"
citation: "24 C.F.R. § 1005.741"
title: "24"
number: "1005.741"
heading: "Notice to Tribe and BIA—Borrower default."
url: "https://uscodex.org/cfr/24/1005.741"
---

# §1005.741. Notice to Tribe and BIA—Borrower default.

- (a) When two consecutive [Section 184](/cfr/24/184.md) Guaranteed Loan payments are in default or sixty days after other default under the [Section 184](/cfr/24/184.md) Guaranteed Loan, the Servicer shall provide notice of default to:
  - (1) The BIA, where applicable, for [Section 184](/cfr/24/184.md) Guaranteed Loan property that is on Trust Land, in accordance with applicable BIA requirements; and,
  - (2) The Tribe, where applicable, for any [Section 184](/cfr/24/184.md) Guaranteed Loan property where a Borrower has provided consent of notification in accordance with [§ 1005.501(j)](/cfr/24/1005.501.md?p=j).
- (b) The Servicer shall continue exploring loss mitigation options, consistent with the requirements under this subpart, with the Borrower during the notification process to the Tribe and/or BIA, as applicable.

## 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.