2016 US Code
Title 25 - Indians
Chapter 17 - Financing Economic Development of Indians and Indian Organizations
Subchapter I - Indian Revolving Loan Fund
Sec. 1465 - Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States
| 25 U.S.C. § 1465 (2016) |
| §1465. Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States |
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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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(Pub. L. 93–262, title I, §105, Apr. 12, 1974, 88 Stat. 78; Pub. L. 98–449, §3, Oct. 4, 1984, 98 Stat. 1725.) |
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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. |
| United States Code, 2012 Edition, Supplement 4, Title 25 - INDIANS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 25 - INDIANS CHAPTER 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS SUBCHAPTER I - INDIAN REVOLVING LOAN FUND Sec. 1465 - Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States |
| section 1465 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 88 Stat. 78 98 Stat. 1725 |
| Public Law 93-262, Public Law 98-449 |
