25 USC § 1488 - Lenders authorized to make loans; decrease or increase of liability under the guaranty

---
identifier: "/us/usc/t25/s1488"
source: "usc"
legal_status: "official_prima_facie"
title: "25 USC § 1488 - Lenders authorized to make loans; decrease or increase of liability under the guaranty"
title_number: 25
title_name: "INDIANS"
section_number: "1488"
section_name: "Lenders authorized to make loans; decrease or increase of liability under the guaranty"
chapter_number: 17
chapter_name: "GENERAL PROVISIONS"
subchapter_number: "II"
subchapter_name: "LOAN GUARANTY AND INSURANCE"
positive_law: false
currency: "119-84"
last_updated: "2025-07-14"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 93–262, title II, § 208, Apr. 12, 1974, 88 Stat. 80.)"
---


# § 1488. Lenders authorized to make loans; decrease or increase of liability under the guaranty

section 1486 of this title

Loans guaranteed hereunder may be made by any lender satisfactory to the Secretary, except as provided in . The liability under the guaranty shall decrease or increase pro rata with any decrease or increase in the unpaid portion of the obligation.

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**Source Credit**: (Pub. L. 93–262, title II, § 208, Apr. 12, 1974, 88 Stat. 80.)