{"data":{"id":"us/25-cfr-103.40","jurisdiction":"us","citation":"25 CFR 103.40","heading":"Will BIA make exceptions to its criteria for denying payment?","body":"(a) BIA will not reduce or deny payment solely on the basis of §§ 103.39(c) or (e) when the lender making the claim for loss:\n(1) Is a person to whom a previous lender transferred the loan under §§ 103.28 or 103.29 before maturity for value;\n(2) Notified BIA of its acquisition of the loan interest as required by §§ 103.28 or 103.29;\n(3) Had no involvement in or knowledge of the actions or circumstances that would have allowed BIA to reduce or deny payment to a previous lender; and\n(4) Has not itself violated the standards set forth in §§ 103.39(c) or (e).\n(b) If BIA makes payment to a lender under this section, it may seek reimbursement from the previous lender or lenders who contributed to the loss by violating §§ 103.39(c) or (e).","path":["Title 25—Indians","CHAPTER I—BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR","SUBCHAPTER G—FINANCIAL ACTIVITIES","PART 103—LOAN GUARANTY, INSURANCE, AND INTEREST SUBSIDY","Subpart G—Default and Payment by BIA"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-25.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:59Z","sha256":"a9628f5bc4a2b3677b731cfdba05dd9ca067f5bd6910a352b1a99e42a33098cd","source_id":"us-cfr","stale":true,"prev":"us/25-cfr-103.39","next":"us/25-cfr-103.41"},"notice":"GroundRules: Original legal text. Not legal advice."}