25 C.F.R. § 103.43   What must the lender do after repayment in full?


Title 25 - Indians


Title 25: Indians
PART 103—LOAN GUARANTY, INSURANCE, AND INTEREST SUBSIDY
Subpart G—Default and Payment by BIA

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§ 103.43   What must the lender do after repayment in full?

The lender must completely and promptly release of record all remaining collateral for a guaranteed or insured loan after the loan has been paid in full. The release must be at the lender's sole cost. In addition, if the loan is prepaid the lender must notify BIA in accordance with §103.33(f).

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