25 U.S.C. § 5135 — Mortgages and deeds of trust by individual Indian owners; removal from trust or restricted status; application to Secretary

FEDERAL · 25 U.S.C. · Chapter 45

Mortgages and deeds of trust by individual Indian owners; removal from trust or restricted status; application to Secretary

Current through Pub. L. 119-102

Title 25 — Indians·Ch. 45 — PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES

(a)The individual Indian owners of any land which either is held by the United States in trust for them or is subject to a restriction against alienation imposed by the United States are authorized, subject to approval by the Secretary of the Interior, to execute a mortgage or deed of trust to such land. Such land shall be subject to foreclosure or sale pursuant to the terms of such mortgage or deed of trust in accordance with the laws of the tribe which has jurisdiction over such land or, in the case where no tribal foreclosure law exists, in accordance with the laws of the State or Territory in which the land is located. For the purpose of any foreclosure or sale proceeding the Indian owners shall be regarded as vested with an unrestricted fee simple title to the land, the United States

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(a) The individual Indian owners of any land which either is held by the United States in trust for them or is subject to a restriction against alienation imposed by the United States are authorized, subject to approval by the Secretary of the Interior, to execute a mortgage or deed of trust to such land. Such land shall be subject to foreclosure or sale pursuant to the terms of such mortgage or deed of trust in accordance with the laws of the tribe which has jurisdiction over such land or, in the case where no tribal foreclosure law exists, in accordance with the laws of the State or Territory in which the land is located. For the purpose of any foreclosure or sale proceeding the Indian owners shall be regarded as vested with an unrestricted fee simple title to the land, the United States shall not be a necessary party to the proceeding, and any conveyance of the land pursuant to the proceeding shall divest the United States of title to the land. All mortgages and deeds of trust to such land heretofore approved by the Secretary of the Interior are ratified and confirmed.
(b) In the event such land is acquired by an Indian or an Indian tribe, such land shall not be removed from trust or restricted status except upon application to the Secretary under existing law.

25 U.S.C. § 5135 (Mortgages and deeds of trust by individual Indian owners; removal from trust or restricted status; application to Secretary) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Mar. 29, 1956, ch. 107, 70 Stat. 62; Pub. L. 98–608, §2, Oct. 30, 1984, 98 Stat. 3173; Pub. L. 101–644, title III, §301(c), Nov. 29, 1990, 104 Stat. 4667.)

Editorial Notes

Editorial Notes

Codification
Section was formerly classified to section 483a of this title prior to editorial reclassification and renumbering as this section.

Amendments
1990—Subsec. (a). Pub. L. 101–644 inserted "tribe which has jurisdiction over such land or, in the case where no tribal foreclosure law exists, in accordance with the laws of the" before "State" in second sentence.
1984—Pub. L. 98–608 designated existing provisions as subsec. (a) and added subsec. (b).

Related

Source Credit

History

Editorial Notes