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25 U.S.C. § 1468 — Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States

Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 1468 — Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States

The Secretary may cancel, adjust, compromise, or reduce the amount of any loan or any portion thereof heretofore or hereafter made from the revolving loan fund established by this subchapter and its predecessor constituent funds which he determines to be uncollectable in whole or in part, or which is collectable only at an unreasonable cost, or when such action would, in his judgment, be in the best interests of the United States. He may also adjust, compromise, subordinate, or modify the terms of any mortgage, lease, assignment, contract, agreement, or other document taken to secure such loans.

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Source file: Laws/federal/codes/united-states-code/title-25/section-1468-modification-of-amount-of-loan-and-document-securing-loan-in-collection--1644a35335.md
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Source location: Title 25, Chapter 17, § 1468; chapter-017-financing-economic-development-of-indians-and-indian-organizations.md

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 386a — Adjustment of reimbursable debts; construction charges

The Secretary of the Interior is hereby authorized and directed to adjust or eliminate reimbursable charges of the Government of the United States existing as debts against individual Indians or tribes of Indians in such a way as shall be equitable and just in consideration of all the circumstances under which such charges were made: Provided, That the collection of all construction costs against any Indian-owned lands within any Government irrigation project is hereby deferred, and no assessments shall be made on behalf of such charges against such lands until the Indian title thereto shall have been extinguished, and any construction assessments heretofore levied against such lands in accordance with the provisions of [section 386 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section386&num=0&edition=prelim), and uncollected, are hereby canceled: Provided further, That the Secretary shall report such adjustments and eliminations to the Congress not later than sixty calendar days following the end of the fiscal year in which they are made: Provided further, That any proceedings hereunder shall not be effective until approved by Congress unless Congress shall have failed to act favorably or unfavorably thereon by concurrent resolution within ninety calendar days after the filing of said report, in which case they shall become effective at the termination of the said ninety calendar days: Provided further, That the Secretary shall adjust or eliminate charges, defer collection of construction costs, and make no assessment on behalf of such charges for beneficiaries that hold leases on Hawaiian home lands, to the same extent as is permitted for individual Indians or tribes of Indians under this section.

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 1468 — Authorization of appropriations

Page 231 TITLE 25—INDIANS § 1482 (Pub. L. 93–262, title I, § 104, Apr. 12, 1974, 88 Stat. 78.) § 1465. Modification of amount of loan and docu- ment securing loan in collection of loan or in best interests of the United States The Secretary may cancel, adjust, com- promise, or reduce the amount of any loan or any portion thereof heretofore or hereafter made from the revolving loan fund established by this subchapter and its predecessor con- stituent funds which he determines to be un- collectable in whole or in part, or which is col- lectable only at an unreasonable cost, or when such action would, in his judgment, be in the best interests of the United States. He may also adjust, compromise, subordinate, or modify the terms of any mortgage, lease, assignment, con- tract, agreement, or other document taken to secure such loans. (Pub. L. 93–262, title I, § 105, Apr. 12, 1974, 88 Stat. 78; Pub. L. 98–449, § 3, Oct. 4, 1984, 98 Stat. 1725.) Editorial Notes AMENDMENTS 1984—Pub. L. 98–449 struck out proviso at end of first sentence which provided that proceedings pursuant to this section would be effective only after following the procedure set out in section 386a of this title. § 1466. Land and personal property title Title to any land purchased by a tribe or by an individual Indian with loans made from the re- volving loan fund may be taken in trust unless the land is located outside the boundaries of a reservation or a tribal consolidation area ap- proved by the Secretary. Title to any land pur- chased by a tribe or an individual Indian which is outside the boundaries of the reservation or approved consolidation area may be taken in trust if the purchaser was the owner of trust or restricted interests in the land before the pur- chase, otherwis

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