25 U.S.C. § 1462
Section 1462 · Economic development; educational loans; limitation of loans to or investments in non-Indian organizations
Amended 1 time on record
Applied in 3 court decisions — leading case Helgeson v. Bureau of Indian Affairs, Department of the Interior (1998)
Most recently applied in Helgeson v. Bureau of Indian Affairs, Department of the Interior (August 1998)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Loans may be made for any purpose which will promote the economic development of (a) the individual Indian borrower, including loans for educational purposes, and (b) the Indian organization and its members including loans by such organizations to other organizations and investments in other organizations regardless of whether they are organizations of Indians: Provided, That not more than 50 per centum of loan made to an organization shall be used by such organization for the purpose of making loans to or investments in non-Indian organizations.