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Streamlining Mortgage Access on Tribal Trust Lands

This act aims to accelerate and streamline the process of obtaining mortgages on Indian tribal lands. It will enable citizens to more quickly buy, build, or renovate homes, and develop businesses in these areas. The law introduces specific deadlines for government offices, which should reduce waiting times for decisions.
Key points
Government offices now have set deadlines for processing mortgage applications and land right documents, speeding up the process.
A requirement for notifying delays and responding to inquiries within 2 days has been introduced, increasing transparency.
A Realty Ombudsman position has been established to help resolve issues and ensure offices meet deadlines.
Federal agencies and Indian Tribes will gain access to the trust asset management system, facilitating data verification.
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Additional Information
Print number: 117_S_3381
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2021-12-14