FOR IMMEDIATE RELEASE
July 24, 1997
Contact: Public Affairs
OCC Publishes Guide to Mortgage Lending in Indian Country
WASHINGTON, D.C. — Comptroller Eugene A. Ludwig today announced the publication of the Guide to Mortgage Lending in Indian Country in an address before a conference on Banking in Indian Country: Expanding the Horizons. The conference is co-sponsored by the Office of the Comptroller of the Currency (OCC) and the Department of Justice's Office of Tribal Justice.
The Comptroller said the Guide was designed to help banks deal with the challenges of lending to Native Americans, including some unique legal challenges. "This guide reflects our ongoing commitment to ensuring full and fair access to credit for all Americans. It helps banks understand and address legal and operational challenges to making home loans in Indian country," he said. "It also provides general information about Native Americans, tribes, tribal land and tribal sovereignty."
The Guide was produced by the OCC's Native American Working Group, which the Comptroller formed in 1994 to address banking issues unique to Indian country and to assist national banks in making loans to Native Americans or tribes. The publication is divided into four sections:
Copies of the Guide to Mortgage Lending in Indian Country (PDF) may be purchased from the OCC for $15. Please send your written request, with payment, to: Comptroller of the Currency, P.O. Box 70004, Chicago, IL 60673-0004. The text of the publication will also be available on the OCC's homepage at http://www.occ.treas.gov.
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