Title 25
SECTION 162.357
162.357 May a lessee mortgage a residential lease
§ 162.357 May a lessee mortgage a residential lease?(a) A lessee may mortgage a residential lease by meeting the consent requirements in § 162.358 and obtaining BIA approval of the leasehold mortgage under in §§ 162.359 and 162.360.
(b) Refer to § 162.349(b) for information on what happens if a sale or foreclosure under an approved mortgage of the leasehold interest occurs.