,,ii  #aafth ,,congress  #ast ,session  
,s4 #bgbe  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,october #bi1  
#bjai,mr4 ,rounds 7for himself1 ,ms4    
,smith1 ,mr4 ,thune1 ,mr4 ,tester1 ,ms4 
,mc,sally1 and ,ms4 ,cortez ,masto7     
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,banking1 ,housing1 and   
,urban ,affairs  ,a ,,bill  ,to modify  
the procedures for loan guarantees      
provided for ,indian housing1 and for   
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,native        
,american ,housing ,affordability ,act  
of #bjai4  #b4 ,findings ,congress finds
 that-- 7#a7 the extended timelines for 
approving lenders' applications to      
participate in the program established  
under section #ahd of the ,housing and  
,community ,development ,act of #aiib   
7#ab ,u4,s4,c4 #agaez-#ac;a7 are        
unacceptably long2  7#b7 those extended 
timelines inhibit the ability of lenders
 to provide needed mortgage loans on    

,native ,american reservations2 and     
7#c7 it can take a significant amount of
 time for certain ,bureau of ,indian    
,affairs ,land ,title and ,records      
,offices to issue final certified title 
status reports for mortgages issued on  
,indian trust land under section #ahd of
 the ,housing and ,community            
,development ,act of #aiib 7#ab         
,u4,s4,c4 #agaez-#ac;a71 which delays   
the guarantee of the loan by the        
,department of ,housing and ,urban      
,development4  #c4 ,improvements to loan
 guarantees for ,indian housing  7a7    
,documentation required for ,indian     
trust land ,section #ahd7;c7 of the     
,housing and ,community ,development    
,act of #aiib 7#ab ,u4,s4,c4            
#agaez-#ac;a7c77 is amended by adding at
 the end the following3  7#e7 ,trailing 
documents  7,a7 ,in general ,the        
,secretary may issue a certificate of   
guarantee under this subsection for a   
loan involving a security interest in   
,indian trust land before the ,secretary

 receives the trailing documents        
required by the ,secretary1 including   
the final certified title status report 
showing the recordation by the ,bureau  
of ,indian ,affairs of the mortgage     
relating to the loan1 if the originating
 lender agrees to indemnify the         
,secretary for any losses that may      
result when--  7i7 a claim payment is   
presented to the ,secretary due to the  
default of the borrower on the loan2 and
  7ii7 the required trailing documents  
are outstanding4  7,b7 ,termination of  
indemnification agreement ,an           
indemnification agreement between an    
originating lender and the ,secretary   
described in subparagraph 7,a7 shall    
only terminate upon receipt by the      
,secretary of the trailing documents    
described in that subparagraph in a form
 and manner that is acceptable to the   
,secretary4  7,c7 ,rule of construction 
,nothing in this paragraph shall be     
construed as authorizing the ,bureau of 
,indian ,affairs to delay the issuance  

of a final certified title status report
 and recorded mortgage relating to a    
loan closed on ,indian trust land4  4   
7b7 ,reporting ,the ,secretary of       
,housing and ,urban ,development shall--
 7#a7 report to the ,committee on       
,banking1 ,housing1 and ,urban ,affairs 
and the ,committee on ,indian ,affairs  
of the ,senate and the ,committee on    
,financial ,services and the ,committee 
on ,natural ,resources of the ,house of 
,representatives on a semiannual basis  
on the progress that the ,secretary is  
making to accelerate the processing of  
lender applications under section #ahd  
of the ,housing and ,community          
,development ,act of #aiib 7#ab         
,u4,s4,c4 #agaez-#ac;a72 and  7#b7 if   
there is no improvement in accelerating 
those processing timelines1 submit to   
the committees described in paragraph   
7#a7 a report explaining the lack of    
improvement4