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25 U.S.C. § 1465Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States

submitted 52 years ago by Pub. L. 93-262 to r/title-25-INDIANS · 97 words · no verdicts yet

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A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

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.

Source credit: (Pub. L. 93–262, title I, § 105, Apr. 12, 1974, 88 Stat. 78; Pub. L. 98–449, § 3, Oct. 4, 1984, 98 Stat. 1725.)

history & why it existsrecord from the source credit
  • 1974Enacted · Pub. L. 93-262 · 88 Stat. 78
  • 1984Amended · Pub. L. 98-449 · 98 Stat. 1725

A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-262 on 1974-04-12.

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