25 U.S.C. § 1493
Loan refusal; conditions; prohibition against acquisition of additional loans; payment of claims on loans made in good faith
Whenever the Secretary finds that any lender or holder of a guaranty certificate fails to maintain adequate accounting records, or to demonstrate proper ability to service adequately loans guaranteed or insured, or to exercise proper credit judgment, or has willfully or negligently engaged in practices otherwise detrimental to the interests of a borrower or of the United States, he may refuse, either temporarily or permanently, to guarantee or insure any further loans made by such lender or holder, and may bar such lender or holder from acquiring additional loans guaranteed or insured hereunder: Provided, That the Secretary shall not refuse to pay a valid guaranty or insurance claim on loans previously made in good faith.
Notes of Decisions
Cited in 1
case, 1998–1998 · leading case: United Nat'l Bank v. United States Dep't of the Interior, 54 F. Supp. 2d 1309 (S.D. Fla. 1998).
United Nat'l Bank v. United States Dep't of the Interior, 54 F. Supp. 2d 1309 (S.D. Fla. 1998). “49 (c) allows the Bureau of Indian Affairs to refuse to honor a guarantee if the lender is negligent. United contends that the regulation at issue in this case, 25 C.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.