25 CFR §141.5
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)No person may own or lease a reservation business without a license issued under the provisions of this subpart.
- (b)The applicant shall apply in writing on a form provided by the Commissioner setting forth the following:
- (1)The full name and residence of the applicant.
- (2)Three (3) responsible references.
- (3)The firm name and the name of each member of the board of directors if the applicant is a firm.
- (4)Satisfactory evidence as to the character, experience and business ability of the applicant and the employees of the applicant.
- (5)Satisfactory evidence of the general fitness of the applicant and employees of the applicant to reside on the Indian reservation.
- (c)Upon the request of the Commissioner, the applicant shall furnish the following:
- (1)The capital invested or to be invested and, of this, the amount of capital owned and the amount borrowed or to be borrowed.
- (2)The name of the lender of any borrowed capital, the date due, the rate of interest to be paid, and the names of any endorsers and security.
- (3)A copy of any contract or trade agreement whether oral or written with creditors or financing individuals or institutions, including any stipulations whereby financing fees are to be paid.
- (d)Information that if released might adversely affect the competitive position of the applicant shall remain confidential.