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.
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The lender can opt out of electronic notice
The document says “can”Who acts: lendersHow: statuteSec. 3 in the PDF
What the document says
“The lender may opt out of receiving notice electronically under clause (ii)(I).”
The electronic half of the notice requirement is waivable by the lender. The mailed half is not addressed by this clause.
What the document actually says
“The lender may opt out of receiving notice electronically under clause (ii)(I).”
That sentence, in plain words
The lender can say no to getting the notice by email.
What this is about
The law lets the lender drop that one form. It says nothing here about dropping the mailed form.
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.
