Land mortgages get a decision within 30 calendar days
To require the Bureau of Indian Affairs to process and complete all mortgage packages associated with residential and business mortgages on Indian land by certain deadlines, and for other purposes, section 3, Sec. 3.
Written by .
Land mortgages get a decision within 30 calendar days
The document says “shall”Who acts: applicable Bureau officeHow: statuteSec. 3 in the PDF
What the document says
“Not later than 30 calendar days after receipt of a complete executed land mortgage, proof of required consents, and other required documentation, the applicable Bureau office shall approve or disapprove the land mortgage.”
The office must approve or disapprove a land mortgage within 30 calendar days of receiving the executed mortgage, proof of required consents, and the other required documentation.
What the document actually says
“Not later than 30 calendar days after receipt of a complete executed land mortgage, proof of required consents, and other required documentation, the applicable Bureau office shall approve or disapprove the land mortgage.”
That sentence, in plain words
The BIA office has 30 days to say yes or no to a land loan.
What this is about
A land loan is on trust land owned by one Indian person. Lease loans get 20 days instead.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The quotation is the document's own words, exactly as printed, and we check the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
