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![handle is hein.congrecreports/crptxafcv0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
Calendar No. 590
117TH CONGRESS REPORT
2d Session SENATE 117-232
TRIBAL TRUST LAND HOMEOWNERSHIP ACT OF 2021
DECEMBER 6, 2022.-Ordered to be printed
Mr. SCHATZ, from the Committee on Indian Affairs,
submitted the following
R E P O R T
[To accompany S. 3381]
[Including cost estimate of the Congressional Budget Office]
The Committee on Indian Affairs, to which was referred the bill
(S. 3381), to require the Bureau of Indian Affairs to process and
complete all mortgage packages associated with residential and
business 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
S. 3381 would establish deadlines for the Bureau of Indian Af-
fairs (BIA) to process and complete all mortgage packages associ-
ated with residential and business mortgages on Indian land and
establish a realty ombudsman within the BIA to adjudicate delays
in the processing of BIA realty filings.
BACKGROUND AND NEED FOR LEGISLATION
The BIA reviews and processes all leasehold and trust land mort-
gages on Indian lands. Access to mortgage products encourages
homeownership on Indian lands. In some cases, the BIA takes an
extended period of time to process and certify mortgages issued by
federal agencies and lenders. These delays disincentivize lenders
and reduce homeownership opportunities in Indian country.
SUMMARY OF S. 3381
S. 3381 codifies deadlines for the BIA to process and complete all
mortgage packages associated with residential and business mort-
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