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§ 1005.405 Borrower residency status.

24 CFR 1005.405

Citation24 CFR 1005.405
CorpusDaily eCFR
Displayed edition2026-04-24
Last updated2026-04-24

§ 1005.405 Borrower residency status.

(a) An eligible Borrower who is an Indian must be:

(1) A U.S. citizen; or

(2) A lawful permanent resident alien.

(b) Documentation must be provided to the Direct Guarantee Lender to support lawful residency status as defined in the Immigration and Nationality Act, codified at 8 U.S.C. 1101, et seq.

[89 FR 20056, Mar. 20, 2024, as amended at 90 FR 42706, Sept. 4, 2025]