§103.31. What loan servicing requirements apply to BIA?
25 C.F.R. § 103.31
Once a lender extends a loan that is guaranteed or insured under the Program, BIA has no responsibility for decisions concerning it, except for:
Any approvals required under this part;
Any decisions reserved to BIA under conditions of BIA's guaranty certificate or insurance coverage; and
Decisions concerning a loan that the lender has assigned to BIA or to which BIA is subrogated by virtue of paying a claim based on a guaranty certificate or insurance coverage.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 1498, 1511.
Source
Source: 66 FR 3867, Jan. 17, 2001, unless otherwise noted.