other · US Department of the Interior · Published 2001-01-17 · Effective 2001-02-16 · 66 FR 3861
Document
Document number
01-1249
Federal Register citation
66 FR 3861
CFR reference
25 CFR 103
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of the Interior
Publication date
2001-01-17
Effective date
2001-02-16
Abstract
The Department of the Interior (DOI), Bureau of Indian Affairs (BIA) is revising the regulations that implement the Loan Guaranty, Insurance, and Interest Subsidy Program. This Program authorizes the Secretary of DOI to guaranty or insure loans made by private lenders to individual Indians and to organizations of Indians, and to assist qualified borrowers with a portion of their interest payments. The new regulations clarify prior regulatory language, in keeping with the "plain language" standard required by Executive Order 12866. They also reflect evolved BIA policies, and address several issues that prior regulations did not cover.