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Faster Mortgages on Tribal Trust Land: New Deadlines and Ombudsman.

This law sets strict deadlines for the Bureau of Indian Affairs (BIA) to process mortgage applications and right-of-way documents on Indian land, significantly speeding up home construction and economic development. Citizens will benefit from predictable processing times (maximum 20-30 days for approval) and the establishment of a new Realty Ombudsman to resolve delays and complaints. These changes are crucial for Tribal members seeking financing for housing or business ventures.
Key points
The BIA must approve or disapprove complete residential or business leasehold mortgage packages within 20 calendar days.
A new Realty Ombudsman position is created to monitor BIA compliance with deadlines and handle inquiries and complaints from Tribes and lenders.
Federal agencies (like HUD and VA) and Tribes gain read-only access to the Trust Asset and Accounting Management System to streamline title verification.
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Additional Information
Print number: 118_S_70
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2023-01-25
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Tribal Trust Land Homeownership Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_70.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-01-25.

What are the main provisions?

Key points include:

  • The BIA must approve or disapprove complete residential or business leasehold mortgage packages within 20 calendar days.
  • A new Realty Ombudsman position is created to monitor BIA compliance with deadlines and handle inquiries and complaints from Tribes and lenders.
  • Federal agencies (like HUD and VA) and Tribes gain read-only access to the Trust Asset and Accounting Management System to streamline title verification.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Thune, John [R-SD].

What is the latest detailed status?

The latest detailed status is: Passed Senate without amendment by Unanimous Consent. (consideration: CR S3118-3120; text: CR S3119-3120)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Real Estate Economy