S 70
Tribal Trust Land Homeownership Act of 2023
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- Passed Senate
- Passed House
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- Became Law
Bill overview
This bill, the Tribal Trust Land Homeownership Act of 2023, aims to speed up the process of reviewing and approving mortgages on tribal lands. It requires the Bureau of Indian Affairs (BIA) to quickly notify lenders, conduct preliminary reviews within 10 days, and make decisions (approve or disapprove) within 20-30 days, depending on the type of mortgage. The bill also establishes deadlines for title reports, ensures timely notifications of delays, and provides access to BIA records for relevant agencies and tribes. Finally, it creates a Realty Ombudsman position to oversee the mortgage process.
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Primary sponsor
Cosponsors
Jon Tester
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