§5141 — Title 25 Indians | U.S. Code

Summary

Loans made or insured under sections 5136 to 5143 must follow the interest-rate rules in section 307(a)(3)(B) of the Consolidated Farmers Home Administration Act of 1961 (7 U.S.C. 1927(a)(3)(B)) and must follow the rules in subtitle D of that Act (7 U.S.C. 1981 et seq.), except for sections 340, 341, 342, and 343. Section 334 (7 U.S.C. 1984) cannot be used to allow taxing land or interests in land while those lands are held by an Indian tribe or tribal corporation, or held by the United States in trust for them under sections 5136 to 5143.

Title 25, §5141

Indians — Source: USLM XML via OLRC

Loans made or insured pursuant to sections 5136 to 5143 of this title will be subject to the interest rate provisions of section 307(a)(3)(B) of the Consolidated Farmers Home Administration Act of 1961, as amended [7 U.S.C. 1927(a)(3)(B)], and to the provisions of subtitle D of that Act [7 U.S.C. 1981 et seq.] except section 340 [7 U.S.C. 1990], 341, 342 [7 U.S.C. 1013a], and 343 [7 U.S.C. 1991] thereof: Provided, That section 334 [7 U.S.C. 1984] thereof shall not be construed to subject to taxation any lands or interests therein while they are held by an Indian tribe or tribal corporation or by the United States in trust for such tribe or tribal corporation pursuant to sections 5136 to 5143 of this title.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Consolidated Farmers Home Administration Act of 1961, referred to in text, is now the Consolidated Farm and Rural Development Act, Pub. L. 87–128, title III, Aug. 8, 1961, 75 Stat. 307. Subtitle D of the Consolidated Farm and Rural Development Act is classified principally to subchapter IV (§ 1981 et seq.) of chapter 50 of Title 7, Agriculture. For complete classification of this Act to the Code, see

Short Title

note set out under section 1921 of Title 7 and Tables. section 341 of that Act is set out as a note under section 1921 of Title 7. Codification Section was formerly classified to section 492 of this title prior to editorial reclassification and renumbering as this section.

Amendments

1990—Pub. L. 101–624 substituted “section 307(a)(3)(B)” for “section 307(a)”.

§5141 Interest rates and taxes