[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 723 Enrolled Bill (ENR)]

        S.723

                     One Hundred Nineteenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Saturday,
          the third day of January, two thousand and twenty six


                                 An Act


 
  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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Tribal Trust Land Homeownership Act 
of 2025''.
SEC. 2. DEFINITIONS.
    In this Act:
        (1) Applicable bureau office.--The term ``applicable Bureau 
    office'' means--
            (A) a Regional office of the Bureau;
            (B) an Agency office of the Bureau; or
            (C) a Land Titles and Records Office of the Bureau.
        (2) Bureau.--The term ``Bureau'' means the Bureau of Indian 
    Affairs.
        (3) Director.--The term ``Director'' means the Director of the 
    Bureau.
        (4) First certified title status report.--The term ``first 
    certified title status report'' means the title status report 
    needed to verify title status on Indian land.
        (5) Indian land.--The term ``Indian land'' has the meaning 
    given the term in section 162.003 of title 25, Code of Federal 
    Regulations (as in effect on the date of enactment of this Act).
        (6) Land mortgage.--The term ``land mortgage'' means a mortgage 
    obtained by an individual Indian who owns a tract of trust land for 
    the purpose of--
            (A) home acquisition;
            (B) home construction;
            (C) home improvements; or
            (D) economic development.
        (7) Leasehold mortgage.--The term ``leasehold mortgage'' means 
    a mortgage, deed of trust, or other instrument that pledges the 
    leasehold interest of a lessee as security for a debt or other 
    obligation owed by the lessee to a lender or other mortgagee.
        (8) Mortgage package.--The term ``mortgage package'' means a 
    proposed residential leasehold mortgage, business leasehold 
    mortgage, land mortgage, or right-of-way document submitted to an 
    applicable Bureau office under section 3(a)(1).
        (9) Relevant federal agency.--The term ``relevant Federal 
    agency'' means any of the following Federal agencies that guarantee 
    or make direct mortgage loans on Indian land:
            (A) The Department of Agriculture.
            (B) The Department of Housing and Urban Development.
            (C) The Department of Veterans Affairs.
        (10) Right-of-way document.--The term ``right-of-way document'' 
    has the meaning given the term in section 169.2 of title 25, Code 
    of Federal Regulations (as in effect on the date of enactment of 
    this Act).
        (11) Subsequent certified title status report.--The term 
    ``subsequent certified title status report'' means the title status 
    report needed to identify any liens against a residential, 
    business, or land lease on Indian land.
SEC. 3. MORTGAGE REVIEW AND PROCESSING.
    (a) Review and Processing Deadlines.--
        (1) In general.--As soon as practicable after receiving a 
    proposed residential leasehold mortgage, business leasehold 
    mortgage, land mortgage, or right-of-way document, the applicable 
    Bureau office shall notify the lender that the proposed residential 
    leasehold mortgage, business leasehold mortgage, or right-of-way 
    document has been received.
        (2) Preliminary review.--
            (A) In general.--Not later than 10 calendar days after 
        receipt of a proposed residential leasehold mortgage, business 
        leasehold mortgage, land mortgage, or right-of-way document, 
        the applicable Bureau office shall conduct and complete a 
        preliminary review of the residential leasehold mortgage, 
        business leasehold mortgage, land mortgage, or right-of-way 
        document to verify that all required documents are included.
            (B) Incomplete documents.--As soon as practicable, but not 
        more than 2 calendar days, after finding that any required 
        documents are missing under subparagraph (A), the applicable 
        Bureau office shall notify the lender of the missing documents.
        (3) Approval or disapproval.--
            (A) Leasehold mortgages.--Not later than 20 calendar days 
        after receipt of a complete executed residential leasehold 
        mortgage or business leasehold mortgage, proof of required 
        consents, and other required documentation, the applicable 
        Bureau office shall approve or disapprove the residential 
        leasehold mortgage or business leasehold mortgage.
            (B) Right-of-way documents.--Not later than 30 calendar 
        days after receipt of a complete executed right-of-way 
        document, proof of required consents, and other required 
        documentation, the applicable Bureau office shall approve or 
        disapprove the right-of-way document.
            (C) Land mortgages.--Not later than 30 calendar days after 
        receipt of a complete executed land mortgage, proof of required 
        consents, and other required documentation, the applicable 
        Bureau office shall approve or disapprove the land mortgage.
            (D) Requirements.--The determination of whether to approve 
        or disapprove a residential leasehold mortgage or business 
        leasehold mortgage under subparagraph (A), a right-of-way 
        document under subparagraph (B), or a land mortgage under 
        subparagraph (C)--
                (i) shall be in writing; and
                (ii) in the case of a determination to disapprove a 
            residential leasehold mortgage, business leasehold 
            mortgage, right-of-way document, or land mortgage shall, 
            state the basis for the determination.
            (E) Application.--This paragraph shall not apply to a 
        residential leasehold mortgage or business leasehold mortgage 
        with respect to Indian land in cases in which the applicant for 
        the residential leasehold mortgage or business leasehold 
        mortgage is an Indian tribe (as defined in subsection (d) of 
        the first section of the Act of 1955 (69 Stat. 539, chapter 
        615; 126 Stat. 1150; 25 U.S.C. 415(d))) that has been approved 
        for leasing under subsection (h) of that section (69 Stat. 539, 
        chapter 615; 126 Stat. 1151; 25 U.S.C. 415(h)).
        (4) Certified title status reports.--
            (A) Completion of reports.--
                (i) In general.--Not later than 10 calendar days after 
            the applicable Bureau office approves a residential 
            leasehold mortgage, business leasehold mortgage, land 
            mortgage, or right-of-way document under paragraph (3), the 
            applicable Bureau office shall complete the processing of, 
            as applicable--

                    (I) a first certified title status report, if a 
                first certified title status report was not completed 
                prior to the approval of the residential leasehold 
                mortgage, business leasehold mortgage, land mortgage, 
                or right-of-way document; and
                    (II) a subsequent certified title status report.

                (ii) Requests for first certified title status 
            reports.--Notwithstanding clause (i), not later than 14 
            calendar days after the applicable Bureau office receives a 
            request for a first certified title status report from an 
            applicant for a residential leasehold mortgage, business 
            leasehold mortgage, land mortgage, or right-of-way document 
            under paragraph (1), the applicable Bureau office shall 
            complete the processing of the first certified title status 
            report.
            (B) Notice.--
                (i) In general.--As soon as practicable after 
            completion of the processing of, as applicable, a first 
            certified title status report or a subsequent certified 
            title status report under subparagraph (A), but by not 
            later than the applicable deadline described in that 
            subparagraph, the applicable Bureau office shall give 
            notice of the completion to the lender.
                (ii) Form of notice.--The applicable Bureau office 
            shall give notice under clause (i)--

                    (I) electronically through secure, encryption 
                software; and
                    (II) through the United States mail.

                (iii) Option to opt out.--The lender may opt out of 
            receiving notice electronically under clause (ii)(I).
    (b) Notices.--
        (1) In general.--If the applicable Bureau office does not 
    complete the review and processing of mortgage packages under 
    subsection (a) (including any corresponding first certified title 
    status report or subsequent certified title status report under 
    paragraph (4) of that subsection) by the applicable deadline 
    described in that subsection, immediately after missing the 
    deadline, the applicable Bureau office shall provide notice of the 
    delay in review and processing to--
            (A) the party that submitted the mortgage package or 
        requested the first certified title status report; and
            (B) the lender for which the mortgage package (including 
        any corresponding first certified title status report or 
        subsequent certified title status report) is being requested.
        (2) Requests for updates.--In addition to providing the notices 
    required under paragraph (1), not later than 2 calendar days after 
    receiving a relevant inquiry with respect to a submitted mortgage 
    package from the party that submitted the mortgage package or the 
    lender for which the mortgage package (including any corresponding 
    first certified title status report or subsequent certified title 
    status report) is being requested or an inquiry with respect to a 
    requested first certified title status report from the party that 
    requested the first certified title status report, the applicable 
    Bureau office shall respond to the inquiry.
    (c) Delivery of First and Subsequent Certified Title Status 
Reports.--Notwithstanding any other provision of law, any first 
certified title status report and any subsequent certified title status 
report, as applicable, shall be delivered directly to--
        (1) the lender;
        (2) any local or regional agency office of the Bureau that 
    requests the first certified title status report or subsequent 
    certified title status report;
        (3) in the case of a proposed residential leasehold mortgage or 
    land mortgage, the relevant Federal agency that insures or 
    guarantees the loan; and
        (4) if requested, any individual or entity described in section 
    150.303 of title 25, Code of Federal Regulations (as in effect on 
    the date of enactment of this Act).
    (d) Access to Trust Asset and Accounting Management System 
(TAAMS).--Beginning on the date of enactment of this Act, the relevant 
Federal agencies and Indian Tribes shall have read-only access to 
portals containing the relevant land documents from the Trust Asset and 
Accounting Management System (commonly known as ``TAAMS'') maintained 
by the Bureau.
    (e) Annual Report.--
        (1) In general.--Not later than March 1 of each calendar year, 
    the Director shall submit to the Committee on Indian Affairs of the 
    Senate and the Committee on Natural Resources of the House of 
    Representatives a report describing--
            (A) for the most recent calendar year, the number of 
        requests received to complete residential leasehold mortgage 
        packages, business leasehold mortgage packages, land mortgage 
        packages, and right-of-way document packages (including any 
        requests for corresponding first certified title status reports 
        and subsequent certified title status reports), including a 
        detailed description of--
                (i) requests that were and were not successfully 
            completed by the applicable deadline described in 
            subsection (a) by each applicable Bureau office; and
                (ii) the reasons for each applicable Bureau office not 
            meeting any applicable deadlines; and
            (B) the length of time needed by each applicable Bureau 
        office during the most recent calendar year to provide the 
        notices required under subsection (b)(1).
        (2) Requirement.--In submitting the report required under 
    paragraph (1), the Director shall maintain the confidentiality of 
    personally identifiable information of the parties involved in 
    requesting the completion of residential leasehold mortgage 
    packages, business leasehold mortgage packages, land mortgage 
    packages, and right-of-way document packages (including any 
    corresponding first certified title status reports and subsequent 
    certified title status reports).
    (f) GAO Study.--Not later than 1 year after the date of enactment 
of this Act, the Comptroller General of the United States shall submit 
to the Committee on Indian Affairs of the Senate and the Committee on 
Natural Resources of the House of Representatives a report that 
includes--
        (1) an evaluation of the need for residential leasehold 
    mortgage packages, business leasehold mortgage packages, land 
    mortgage packages, and right-of-way document packages of each 
    Indian Tribe to be digitized for the purpose of streamlining and 
    expediting the completion of mortgage packages for residential 
    mortgages on Indian land (including the corresponding first 
    certified title status reports and subsequent certified title 
    status reports); and
        (2) an estimate of the time and total cost necessary for Indian 
    Tribes to digitize the records described in paragraph (1), in 
    conjunction with assistance in that digitization from the Bureau.
SEC. 4. ESTABLISHMENT OF REALTY OMBUDSMAN POSITION.
    (a) In General.--The Director shall establish within the Division 
of Real Estate Services of the Bureau the position of Realty Ombudsman, 
who shall report directly to the Secretary of the Interior.
    (b) Functions.--The Realty Ombudsman shall--
        (1) ensure that the applicable Bureau offices are meeting the 
    mortgage review and processing deadlines established by section 
    3(a);
        (2) ensure that the applicable Bureau offices comply with the 
    notices required under subsections (a) and (b) of section 3;
        (3) serve as a liaison to other Federal agencies, including 
    by--
            (A) ensuring the Bureau is responsive to all of the 
        inquiries from the relevant Federal agencies; and
            (B) helping to facilitate communications between the 
        relevant Federal agencies and the Bureau on matters relating to 
        mortgages on Indian land;
        (4) receive inquiries, questions, and complaints directly from 
    Indian Tribes, members of Indian Tribes, and lenders in regard to 
    executed residential leasehold mortgages, business leasehold 
    mortgages, land mortgages, or right-of-way documents; and
        (5) serve as the intermediary between the Indian Tribes, 
    members of Indian Tribes, and lenders and the Bureau in responding 
    to inquiries and questions and resolving complaints.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.