---
kind: "section"
citation: "25 U.S.C. § 1484"
title: "25"
title_heading: "Indians"
number: "1484"
heading: "Application for loan; approval by Secretary; issuance of certificate; limitations on amount of loans to individual Indians or economic enterprises; review by Secretary"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/25/1484"
units:
  - "Chapter 17 — Financing Economic Development of Indians and Indian Organizations"
  - "Subchapter II — Loan Guaranty and Insurance"
---

# §1484. Application for loan; approval by Secretary; issuance of certificate; limitations on amount of loans to individual Indians or economic enterprises; review by Secretary


The application for a loan to be guaranteed hereunder shall be submitted to the [Secretary](/usc/25/1452.md?p=a) for approval. The [Secretary](/usc/25/1452.md?p=a) may review each loan application individually and independently from the lender. Upon approval, the [Secretary](/usc/25/1452.md?p=a) shall issue a certificate as evidence of the guaranty. Such certificate shall be issued only when, in the judgment of the [Secretary](/usc/25/1452.md?p=a), there is a reasonable prospect of repayment. No loan to an individual [Indian](/usc/25/1452.md?p=b) may be guaranteed or insured which would cause the total unpaid principal indebtedness to exceed $500,000. No loan to an [economic enterprise](/usc/25/1452.md?p=e) (as defined in [section 1452 of this title](/usc/25/1452.md)) in excess of $250,000, or such lower amount as the [Secretary](/usc/25/1452.md?p=a) may determine to be appropriate, shall be insured unless prior approval of the loan is obtained from the [Secretary](/usc/25/1452.md?p=a).


## Source credit

(Pub. L. 93–262, title II, § 204, Apr. 12, 1974, 88 Stat. 79; Pub. L. 98–449, § 5, Oct. 4, 1984, 98 Stat. 1725; Pub. L. 100–442, § 1, Sept. 22, 1988, 102 Stat. 1763; Pub. L. 101–644, title III, § 303(b), Nov. 29, 1990, 104 Stat. 4668; Pub. L. 107–331, title I, § 103(a), Dec. 13, 2002, 116 Stat. 2836.)

## Notes

### Editorial Notes

### Amendments

2002—Pub. L. 107–331 substituted “$250,000” for “$100,000”.

1990—Pub. L. 101–644 struck out “prior” before “approval” in first sentence and substituted “may review” for “shall review” in second sentence.

1988—Pub. L. 100–442 substituted “$500,000” for “$350,000”.

1984—Pub. L. 98–449 substituted “$350,000” for “$100,000”, and inserted after first sentence “The Secretary shall review each loan application individually and independently from the lender.”