25 CFR §103.10

1. (a)Except as specified in paragraph (b) of this section, a lender is eligible under the Program, and may be considered for BIA approval, if the lender is:
   1. (1)Regularly engaged in the business of making loans;
   2. (2)Capable of evaluating and servicing loans in accordance with reasonable and prudent industry standards; and
   3. (3)Otherwise reasonably acceptable to BIA.
2. (b)The following lenders are not qualified to issue loans under the Program:
   1. (1)An agency or instrumentality of the Federal Government;
   2. (2)A lender that borrows money from any Federal Government source, other than the Federal Reserve Bank System, for purposes of relending;
   3. (3)A lender that does not include the interest on loans it makes in gross income, for purposes of chapter 1, title 26 of the United States Code; and
   4. (4)A lender that does not keep any ownership interest in loans it originates.