StacksVerified U.S. regulatory reference

25 CFR §103.31

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Once a lender extends a loan that is guaranteed or insured under the Program, BIA has no responsibility for decisions concerning it, except for:
  1. (a)Any approvals required under this part;
  2. (b)Any decisions reserved to BIA under conditions of BIA's guaranty certificate or insurance coverage; and
  3. (c)Decisions concerning a loan that the lender has assigned to BIA or to which BIA is subrogated by virtue of paying a claim based on a guaranty certificate or insurance coverage.