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1 (2025-09-03)

handle is hein.congrecreports/crptxahtg0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 119TH CONGRESS REPORT 1st Session SENATE 119-60 TRIBAL TRUST LAND HOMEOWNERSHIP ACT OF 2025 SEPTEMBER 3, 2025.-Ordered to be printed Ms. MURKOWSKI, from the Committee on Indian Affairs, submitted the following REPORT [To accompany S. 723] [Including cost estimate of the Congressional Budget Office] The Committee on Indian Affairs, to which was referred the bill, S. 723, to require the Bureau of Indian Affairs to process and com- plete all mortgage packages associated with residential and busi- ness mortgages on Indian land by certain deadlines, and for other purposes, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. PURPOSE The purpose of S. 723 is to address delays in the Bureau of In- dian Affairs (BIA)'s processing of mortgage packages associated with residential and business mortgages by establishing statutory deadlines to process and complete all mortgage packages associated with residential and business mortgages on trust and restricted land (Indian lands) owned by a Tribe or an individual Indian, and to establish a realty ombudsman within the BIA to adjudicate the delays in the processing of BIA realty filings. BACKGROUND AND NEED The BIA reviews and processes all leasehold and trust land mort- gages on Indian lands. These unique mortgages for Indian lands, which often provide low down payments and flexible underwriting requirements to encourage homeownership, are typically issued by Community Development Financial Institutions (CDFIs), conven- tional lenders, and federal government agencies such as the De- partment of Housing and Urban Development (HUD), the Depart- ment of Agriculture (USDA), and the Department of Veterans Af- fairs (VA). 59-010