[Code of Federal Regulations] [Title 25, Volume 1] [Revised as of April 1, 2005] From the U.S. Government Printing Office via GPO Access [CITE: 25CFR103.1] [Page 299-300] TITLE 25--INDIANS CHAPTER I--BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR PART 103_LOAN GUARANTY, INSURANCE, AND INTEREST SUBSIDY--Table of Contents Subpart A_General Provisions Sec. 103.1 What does this part do? Subpart A_General Provisions Sec. 103.1 What does this part do? 103.2 Who does the Program help? 103.3 Who administers the Program? 103.4 What kinds of loans will BIA guarantee or insure? 103.5 What size loan will BIA guarantee or insure? 103.6 To what extent will BIA guarantee or insure a loan? 103.7 Must the borrower have equity in the business being financed? 103.8 Is there any cost for a BIA guaranty or insurance coverage? Subpart B_How a Lender Obtains a Loan Guaranty or Insurance Coverage 103.9 Who applies to BIA under the Program? 103.10 What lenders are eligible under the Program? 103.11 How does BIA approve lenders for the Program? 103.12 How does a lender apply for a loan guaranty? 103.13 How does a lender apply for loan insurance coverage? 103.14 Can BIA request additional information? 103.15 Are there any prohibited loan terms? 103.16 How does BIA approve or reject a loan guaranty or insurance application? 103.17 Must the lender follow any special procedures to close the loan? 103.18 How does BIA issue a loan guaranty or confirm loan insurance? 103.19 When must the lender pay BIA the loan guaranty or insurance premium? Subpart C_Interest Subsidy 103.20 What is interest subsidy? 103.21 Who applies for interest subsidy payments, and what is the application procedure? 103.22 How does BIA determine the amount of interest subsidy? 103.23 How does BIA make interest subsidy payments? 103.24 How long will BIA make interest subsidy payments? [[Page 300]] Subpart D_Provisions Relating to Borrowers 103.25 What kind of borrower is eligible under the Program? 103.26 What must the borrower supply the lender in its loan application? 103.27 Can the borrower get help preparing its loan application or putting its loan funds to use? Subpart E_Loan Transfers 103.28 What if the lender transfers part of the loan to another person? 103.29 What if the lender transfers the entire loan? Subpart F_Loan Servicing Requirements 103.30 What standard of care must a lender meet? 103.31 What loan servicing requirements apply to BIA? 103.32 What sort of loan documentation does BIA expect the lender to maintain? 103.33 Are there reporting requirements? 103.34 What if the lender and borrower decide to change the terms of the loan? Subpart G_Default and Payment by BIA 103.35 What must the lender do if the borrower defaults on the loan? 103.36 What options and remedies does the lender have if the borrower defaults on the loan? 103.37 What must the lender do to collect payment under its loan guaranty certificate or loan insurance coverage? 103.38 Is there anything else for BIA or the lender to do after BIA makes payment? 103.39 When will BIA refuse to pay all or part of a lender's claim? 103.40 Will BIA make exceptions to its criteria for denying payment? 103.41 What happens if a lender violates provisions of this part? 103.42 How long must a lender comply with Program requirements? 103.43 What must the lender do after repayment in full? Subpart H_Definitions and Miscellaneous Provisions 103.44 What certain terms mean in this part. 103.45 Information collection. Authority: 25 U.S.C. 1498, 1511. Source: 66 FR 3867, Jan. 17, 2001, unless otherwise noted. This part explains how to obtain and use a BIA loan guaranty or loan insurance agreement under the Program, and who may do so. It also describes how to obtain and use interest subsidy payments under the Program, and who may do so.