§ 1005.401. Eligible Borrowers.
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/us/cfr/t24/s§ 1005.401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Eligible Borrowers. Eligible Borrowers are Indian Families, Tribes, or TDHEs.
(b)Documentation. Indian Family Borrowers must document their status as American Indian or Alaska Native through evidence as prescribed by Section 184 Program Guidance.
(c)Limitation on the number of loans. An Indian Family Borrower is limited to one Section 184 Guaranteed Loan, for primary residence, at a time unless the Indian Family Borrower is a non-occupant co-Borrower on one other Section 184 Guaranteed Loan. An Indian Family Borrower and/or non-occupant co-Borrower must meet all other applicable requirements of this subpart and any guidance provided in Section 184 Program Guidance.