§1466 Land and Personal Property Title

Summary

Land bought by a tribe or an Indian with loans from the revolving loan fund can be held in trust by the federal government, unless the land is outside a reservation or an approved tribal consolidation area. If the land is outside those areas, it can only be put in trust if the buyer already had trust or restricted interests in that same land before buying it; otherwise the title goes in the buyer’s name with no limits on selling, controlling, or using it. Personal property bought with a loan from the revolving loan fund is titled in the buyer’s name.