Title 25, IndiansRelease 119-102
§1488 Lenders Authorized to Make Loans; Decrease or Increase of Liability Under the Guaranty
Title 25 › CHAPTER 17 — FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS › SUBCHAPTER II — LOAN GUARANTY AND INSURANCE › § 1488
Summary
Any lender the Secretary approves may make guaranteed loans, except as section 1486 says. The guarantee must change proportionally with the unpaid balance.
Full Legal Text
Title 25, §1488
Indians, Source: USLM XML via OLRC
Loans guaranteed hereunder may be made by any lender satisfactory to the Secretary, except as provided in section 1486 of this title. The liability under the guaranty shall decrease or increase pro rata with any decrease or increase in the unpaid portion of the obligation.
Reference
Citations & Metadata
Citation
25 U.S.C. § 1488
Title 25, Indians
Last Updated
Aug 21, 2026
Release point: 119-102