---
kind: "section"
citation: "25 U.S.C. § 1488"
title: "25"
title_heading: "Indians"
number: "1488"
heading: "Lenders authorized to make loans; decrease or increase of liability under the guaranty"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/25/1488"
units:
  - "Chapter 17 — Financing Economic Development of Indians and Indian Organizations"
  - "Subchapter II — Loan Guaranty and Insurance"
---

# §1488. Lenders authorized to make loans; decrease or increase of liability under the guaranty


Loans guaranteed hereunder may be made by any lender satisfactory to the [Secretary](/usc/25/1452.md?p=a), except as provided in [section 1486 of this title](/usc/25/1486.md). The liability under the guaranty shall decrease or increase pro rata with any decrease or increase in the unpaid portion of the obligation.


## Source credit

(Pub. L. 93–262, title II, § 208, Apr. 12, 1974, 88 Stat. 80.)