§ 162.357. May a lessee mortgage a residential lease?
54 words·~1 min read·
/us/cfr/t25/s§ 162.357·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A lessee may mortgage a residential lease by meeting the consent requirements in § 162.358 and obtaining BIA approval of the leasehold mortgage under in §§ 162.359 and 162.360.
(b)Refer to § 162.349(b) for information on what happens if a sale or foreclosure under an approved mortgage of the leasehold interest occurs.