25 CFR § 162.457
May a lessee mortgage a business lease?
February 24, 2021
(a) A lessee may mortgage a business lease by meeting the consent requirements in §162.458 and obtaining our approval of the leasehold mortgage under §§162.459 and 162.460.
(b) Refer to §162.449(c) for information on what happens if a sale or foreclosure under an approved mortgage of the leasehold interest occurs.