§ 103.31. What loan servicing requirements apply to BIA?
79 words·~1 min read·
/us/cfr/t25/s§ 103.31·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Once a lender extends a loan that is guaranteed or insured under the Program, BIA has no responsibility for decisions concerning it, except for:
(a)Any approvals required under this part;
(b)Any decisions reserved to BIA under conditions of BIA's guaranty certificate or insurance coverage; and
(c)Decisions concerning a loan that the lender has assigned to BIA or to which BIA is subrogated by virtue of paying a claim based on a guaranty certificate or insurance coverage.