S 2017 · 107th Congress · Native Americans
Indian Financing Amendments Act of 2002
Bill Progress
1
Introduced2
Committee✓
Senate Vote✓
House✓
EnactedLatest: Became Public Law No: 107-331.(2002-12-13)
Plain Language Summary
[AI summary unavailable — showing source text]
Indian Financing Act Amendments of 2002 - Amends the Indian Financing Act of 1974 to permit the development of a secondary market in guaranteed loans made under such Act through loan transfer. Authorizes loan transfer (currently limited to sale or assignment), in whole or in part, both guaranteed and unguaranteed portions. Requires that the Secretary of the Interior be notified of such transfers. Allocates responsibility on the guarantee agreement, for servicing, and as the secured creditor of record after such transfers according to whether such portion/loan is guaranteed or unguaranteed. Requires the Secretary to provide for the central registration of transferred loans/loan portions through a fiscal transfer agent. Permits pooling of such transferred loans/loan portions.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeS. 2017, Indian Financing Amendments Act of 2002
Aug 27, 2002<p>Cost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on August 1, 2002</p>
Full CBO report ↗S. 2017, Indian Financing Amendments Act of 2002
Aug 27, 2002Cost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on August 1, 2002
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (3)
2 Democrats1 Republican