Code of Federal Regulations · Section
§ 162.457 — May A Lessee Mortgage A Business Lease?
25 C.F.R. § 162.457
View:
(a) A lessee may mortgage a business lease by meeting the consent requirements in § 162.458 and obtaining our approval of the leasehold mortgage under §§ 162.459 and 162.460.
(b) Refer to § 162.449(c) for information on what happens if a sale or foreclosure under an approved mortgage of the leasehold interest occurs.
Authorizing Statute
-
Departmental regulations5 U.S.C. § 301
-
Records management by agency heads; general duties44 U.S.C. § 3101
-
Duties of Commissioner25 U.S.C. § 2
-
Lease of inherited allotments by superintendent25 U.S.C. § 380