§1495 Land and Personal Property Titles

Summary

Land bought by a tribe or by an Indian using loans guaranteed or insured under this subchapter can be put into trust. It cannot be put into trust if it lies outside a reservation or a tribal consolidation area that the Secretary has approved. If the land is outside those approved areas, it can only be put into trust when the buyer already owned trust or restricted interests in that same land before buying it. If the buyer did not already own such interests, the title must be in the buyer’s name with no limits on selling, controlling, or using it. Any personal property bought with these guaranteed or insured loans must be titled in the buyer’s name.