Title 25 — IndiansRelease 119-73not60
§1462 Economic Development; Educational Loans; Limitation of Loans to or Investments in Non-indian Organizations
Title 25 › Chapter 17— FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS › Subchapter I— INDIAN REVOLVING LOAN FUND › § 1462
Summary
Make loans for anything that helps an individual Indian’s economic growth, including for education. Make loans to Indian organizations and their members to help their economic growth. Indian organizations may lend to or invest in other organizations, whether or not those others are Indian. An organization may not use more than 50 percent of a loan it gets to make loans to or invest in non-Indian organizations.
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 5, 2026
Release point: 119-73not60