Code of Federal Regulations · Section
§ 166.223 — Can I Use A Permit As Collateral For A Loan?
25 C.F.R. § 166.223
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We may approve a permit containing a provision that authorizes the permittee to encumber the permit interest, known as a leasehold mortgage, for the development and improvement of the permitted Indian land. We must approve the leasehold mortgage that encumbers the permit interest before it can be effective. We will record the approved leasehold mortgage instrument.
Authorizing Statute
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Leases of restricted lands25 U.S.C. § 415
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Regulations by President25 U.S.C. § 9
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Departmental regulations5 U.S.C. § 301
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Records management by agency heads; general duties44 U.S.C. § 3101
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Driving stock to feed on lands25 U.S.C. § 179
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Transferred25 U.S.C. § 466
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Leases of lands held in trust25 U.S.C. § 403
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Leases of lands for grazing or mining25 U.S.C. § 397
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Leases of arid allotted lands25 U.S.C. § 394
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Findings25 U.S.C. § 3701
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Transferred25 U.S.C. § 476
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Leases of restricted allotments25 U.S.C. § 393
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Duties of Commissioner25 U.S.C. § 2
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Leases of surplus lands25 U.S.C. § 402