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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 25 U.S.C. § 1462 Economic development; educational loans; limitation of loans to or investments in non-Indian organizations us united_states_code code_section 25 INDIANS 17 FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS 1462 25 U.S.C. § 1462 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc25@119-100.zip /us/usc/t25/s1462 data/legal/raw/us/code/title-25/usc25.xml 732e8db2b30fd38b9c3d4b8d520360e54ed4d2ade8c50f091dd11e904166cf52 d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168 996429fba26f078d3a87edd6f2f6bc2cd3c97ee97430f8521acf8fe079dc29dc 2026-07-04 official
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25 U.S.C. § 1462 - Economic development; educational loans; limitation of loans to or investments in non-Indian organizations

Text

Loans may be made for any purpose which will promote the economic development of (a) the individual Indian borrower, including loans for educational purposes, and (b) the Indian organization and its members including loans by such organizations to other organizations and investments in other organizations regardless of whether they are organizations of Indians: Provided, That not more than 50 per centum of loan made to an organization shall be used by such organization for the purpose of making loans to or investments in non-Indian organizations.

(Pub. L. 93262, title I, § 102, Apr. 12, 1974, 88 Stat. 78.)