§ 1481. Loan guaranties and insurance

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1974

   Indian Financing Act of 1974

   Pub. L. 93–262 title II § 201 · [88 Stat. 77]

   Enacted · 25 U.S.C. § 1481

   Pub. L. 93–262, title II, § 201, Apr. 12, 1974, 88 Stat. 79

   Source evidence

   Code source credit
   Pub. L. 93–262, title II, § 201, Apr. 12, 1974, 88 Stat. 79

   Enacted provision · exact public law section
   Sec. 201. In order to provide access to private money sources which 25 USC 1481. otherwise would not be available, the Secretary is authorized (a) to guarantee not to exceed 90 per centum of the unpaid principal and interest due on any loan made to any organization of Indians having a form or organization satisfactory to the Secretary, and to individual Indians who are not members of or eligible for membership in an organization which is making loans to its members; and (b) in lieu of such guaranty, to insure loans under an agreement approved by the Secretary whereby the lender will be reimbursed for losses in an amount not to exceed 15 per centum of the aggregate of such loans made by it, but not to exceed 90 per centum of the loss on any one loan.

2. 2006

   Indian Financing Act Amendments of 1984

   Pub. L. 98–449 § 4 · 98 Stat. 1725

   Changed · 25 U.S.C. § 1481

   Pub. L. 98–449. See 1984 Amendment note below

   Target inherited from the preceding amendment note.

   Source evidence

   Code amendment note
   for “members; and (b) in lieu of such guaranty, to insure”, was executed by making the substitution for “and (b) in lieu of such guaranty, to insure” to reflect the probable intent of Congress and the amendment by Pub. L. 98–449. See 1984 Amendment note below.

   Enacted provision · exact public law section
   Sec. 4. Section 201 of the Indian Financing Act of 1974 (25 U.S.C. 1481) is amended by striking out “who are not members of or eligible for membership in an organization which is making loans to its members.”

3. 1984

   Indian Financing Act Amendments of 1984

   Pub. L. 98–449 § 4 · 98 Stat. 1725

   Struck · 25 U.S.C. § 1481

   Pub. L. 98–449 struck out “who are not members of or eligible for membership in an organization which is making loans to its members” before “; and (b)”

   Source evidence

   Code amendment note
   Pub. L. 98–449 struck out “who are not members of or eligible for membership in an organization which is making loans to its members” before “; and (b)”.

   Enacted provision · exact public law section
   Sec. 4. Section 201 of the Indian Financing Act of 1974 (25 U.S.C. 1481) is amended by striking out “who are not members of or eligible for membership in an organization which is making loans to its members.”

4. 2006

   Native American Technical Corrections Act of 2006

   Pub. L. 109–221 § 401(a)(1) · 120 Stat. 336

   1. Inserted · 25 U.S.C. § 1481

      Pub. L. 109–221, § 401(a)(1), (2), (4), inserted section catchline

   2. Amended · 25 U.S.C. § 1481

      Pub. L. 109–221, § 401(a)(1), (2), (4), designated existing provisions as subsec. (a)

   3. Inserted · 25 U.S.C. § 1481

      Pub. L. 109–221, § 401(a)(1), (2), (4), inserted heading

   4. Substituted · 25 U.S.C. § 1481

      Pub. L. 109–221, § 401(a)(1), (2), (4), substituted “the Secretary may—

   Source evidence

   Code amendment note
   Pub. L. 109–221, § 401(a)(1), (2), (4), inserted section catchline, designated existing provisions as subsec. (a) and inserted heading, substituted “the Secretary may—

   “(1) guarantee” for “Secretary is authorized (a) to guarantee”, and added subsec. (b).

   Enacted provision · exact public law section
   (1) by striking “Sec. 201. In order” and inserting the following: “SEC. 201. LOAN GUARANTIES AND INSURANCE. “(a) In General.— In order” ;

5. 2006

   Native American Technical Corrections Act of 2006

   Pub. L. 109–221 § 401(a)(3) · 120 Stat. 336

   Substituted · 25 U.S.C. § 1481

   Pub. L. 109–221, § 401(a)(3), which directed substitution of “members; or

   Target inherited from the preceding amendment note.

   Source evidence

   Code amendment note
   Pub. L. 109–221, § 401(a)(3), which directed substitution of “members; or

   “(2) insure”

   Enacted provision · exact public law section
   (3) by striking “members; and (b) in lieu of such guaranty, to insure” and inserting “members; or “(2) insure” ; and

8 of 8 references resolved to an enrolled provision