Title 25 — IndiansRelease 119-73
§1484 Application for loan; approval by Secretary; issuance of certificate; limitations on amount of loans to individual Indians or economic enterprises; review by Secretary
Title 25 › Chapter CHAPTER 17— - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS › Subchapter SUBCHAPTER II— - LOAN GUARANTY AND INSURANCE › § 1484
Summary
To get a loan guarantee, apply to the Secretary for approval. The Secretary may review applications separately and will issue a certificate only if repayment seems reasonable. An individual Indian cannot have guaranteed or insured loans with unpaid principal over $500,000. Enterprise loans over $250,000 (or a lower limit set by the Secretary) need prior approval.
Full Legal Text
Title 25, §1484
Indians — Source: USLM XML via OLRC
The application for a loan to be guaranteed hereunder shall be submitted to the Secretary for approval. The Secretary may review each loan application individually and independently from the lender. Upon approval, the Secretary shall issue a certificate as evidence of the guaranty. Such certificate shall be issued only when, in the judgment of the Secretary, there is a reasonable prospect of repayment. No loan to an individual Indian may be guaranteed or insured which would cause the total unpaid principal indebtedness to exceed $500,000. No loan to an economic enterprise (as defined in section 1452 of this title) in excess of $250,000, or such lower amount as the Secretary may determine to be appropriate, shall be insured unless prior approval of the loan is obtained from the Secretary.
Legislative History
Notes & Related Subsidiaries
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.”
Reference
Citations & Metadata
Citation
25 U.S.C. § 1484
Title 25 — Indians
Last Updated
Apr 6, 2026
Release point: 119-73