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United States · Law · S

S. 2017 (107th)

Indian Financing Amendments Act of 2002

enactedUnited States· United States Congress· EN

Introduced

14 March 2002

Last action

Status

Became Public Law No: 107-331.

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Subjects

Discovery layer

Source updated

20 June 2025

Summary

Indian Financing Act Amendments of 2002 - Amends the Indian Financing Act of 1974 to permit the development of a secondary market in guaranteed loans made under such Act through loan transfer. Authorizes loan transfer (currently limited to sale or assignment), in whole or in part, both guaranteed and unguaranteed portions. Requires that the Secretary of the Interior be notified of such transfers. Allocates responsibility on the guarantee agreement, for servicing, and as the secured creditor of record after such transfers according to whether such portion/loan is guaranteed or unguaranteed. Requires the Secretary to provide for the central registration of transferred loans/loan portions through a fiscal transfer agent. Permits pooling of such transferred loans/loan portions.

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Documents

16 official files

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