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Faster Mortgage Processing for Tribal Trust Land Homeownership

New rules aim to speed up mortgage and property document processing on tribal lands. Citizens will benefit from quicker decisions on housing and business matters, facilitating home construction, renovations, and economic development. The act sets specific deadlines for officials and establishes a Realty Ombudsman to help resolve issues.
Key points
Offices must approve mortgage applications and right-of-way documents within 20-30 days, significantly reducing waiting times.
Mandatory notifications for applicants and lenders about delays, and quick responses to inquiries, are now in place.
A Realty Ombudsman position is created to assist with issues and ensure offices meet deadlines.
Federal agencies and Indian Tribes will gain access to the trust asset management system, streamlining processes.
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Additional Information
Print number: 118_HR_3579
Sponsor: Rep. Johnson, Dusty [R-SD-At Large]
Process start date: 2023-05-22