24 C.F.R. § 1000.401
What terms are used throughout this subpart?
Cite as 24 C.F.R. § 1000.401 (2026)
As used throughout title VI of NAHASDA and in this subpart:
Applicant
means the entity that requests a HUD guarantee under the provisions of this subpart.
Borrower
means an Indian tribe or TDHE that receives funds in the form of a loan with the obligation to repay in full, with interest, and has executed notes or other obligations that evidence that transaction.
Issuer
means an Indian tribe or TDHE that issues or executes notes or other obligations. An issuer can also be a borrower.