On top of the bureaucracy of a traditional mortgage, you also need sign off by the Bureau of Indian affairs that pertains to residential, commercial and right of way mortgages, to name a few. And The BIA handbook suggests some timelines for that work to be completed, but the timelines are not always adhered to. That causes a lot of delays. It causes a lot of confusion for the borrowers and also for the lenders. For the banks and other financial institutions that lend the money, they kind of know this is a pain. (01:41–01:51)
CLAIM
Asserts that the Bureau of Indian Affairs does not consistently follow its own timelines for mortgage processing.
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