Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
36 lines
2.0 KiB
Markdown
36 lines
2.0 KiB
Markdown
---
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type: "LegalText"
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title: "25 U.S.C. § 1493"
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description: "Loan refusal; conditions; prohibition against acquisition of additional loans; payment of claims on loans made in good faith"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 25
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title_name: "INDIANS"
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chapter_number: "17"
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chapter_name: "FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS"
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section: "1493"
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citation: "25 U.S.C. § 1493"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc25@119-100.zip"
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source_identifier: "/us/usc/t25/s1493"
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source_file: "data/legal/raw/us/code/title-25/usc25.xml"
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source_hash: "f3134a8b2ba059684b229cb1099f6506b740cbae0956149dee252fc918c1920b"
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raw_snapshot_hash: "d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168"
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text_hash: "7c10cae358864d9fcdf029456d111aae842d396bbd279c8ee5d7c7f3d2080924"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 25 U.S.C. § 1493 - Loan refusal; conditions; prohibition against acquisition of additional loans; payment of claims on loans made in good faith
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## Text
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Whenever the Secretary finds that any lender or holder of a guaranty certificate fails to maintain adequate accounting records, or to demonstrate proper ability to service adequately loans guaranteed or insured, or to exercise proper credit judgment, or has willfully or negligently engaged in practices otherwise detrimental to the interests of a borrower or of the United States, he may refuse, either temporarily or permanently, to guarantee or insure any further loans made by such lender or holder, and may bar such lender or holder from acquiring additional loans guaranteed or insured hereunder: Provided, That the Secretary shall not refuse to pay a valid guaranty or insurance claim on loans previously made in good faith.
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(Pub. L. 93–262, title II, § 213, Apr. 12, 1974, 88 Stat. 81.)
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