Missing documents must be reported within 2 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.
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Missing documents must be reported within 2 calendar days
The document says “shall”Who acts: applicable Bureau officeHow: statuteSec. 3 in the PDF
What the document says
“As soon as practicable, but not more than 2 calendar days, after finding that any required documents are missing under subparagraph (A), the applicable Bureau office shall notify the lender of the missing documents.”
If the preliminary review finds a gap, the office must tell the lender which documents are missing, within 2 calendar days of finding it.
What the document actually says
“As soon as practicable, but not more than 2 calendar days, after finding that any required documents are missing under subparagraph (A), the applicable Bureau office shall notify the lender of the missing documents.”
That sentence, in plain words
If papers are missing, the BIA office must tell the lender. It has 2 days at most.
What this is about
The clock starts when the office finds the gap. It does not start when the papers came in.
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