Title 25 — IndiansRelease 119-73
§1462 Economic development; educational loans; limitation of loans to or investments in non-Indian organizations
Title 25 › Chapter CHAPTER 17— - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS › Subchapter SUBCHAPTER I— - INDIAN REVOLVING LOAN FUND › § 1462
Summary
Makes loans to promote economic development of individual Indians (including education) and Indian organizations and members. Indian organizations may lend or invest in others, but at most 50% of a loan may go to non‑Indian groups.
Full Legal Text
Title 25, §1462
Indians — Source: USLM XML via OLRC
Loans may be made for any purpose which will promote the economic development of (a) the individual Indian borrower, including loans for educational purposes, and (b) the Indian organization and its members including loans by such organizations to other organizations and investments in other organizations regardless of whether they are organizations of Indians: Provided, That not more than 50 per centum of loan made to an organization shall be used by such organization for the purpose of making loans to or investments in non-Indian organizations.
Reference
Citations & Metadata
Citation
25 U.S.C. § 1462
Title 25 — Indians
Last Updated
Apr 6, 2026
Release point: 119-73