If you are providing financing to a tribe, you must be federally regulated.
Federally regulated lending institution
We consider an entity regulated by one of the following four federal agencies to be a federally regulated lending institution:
- Office of Comptroller (www.occ.treas.gov)
- Federal Deposit Insurance Corporation (banks.data.fdic.gov)
- Office of Thrift Supervision (www.ots.treas.gov)
- Federal Reserve (www.ffiec.gov).
Not federally regulated lending institution
If you are a subsidiary of a proposed lender, you will most likely require state certification (licensure) under some tribal-state compacts even if the parent company is federally regulated.
If you are not federally regulated, you need to apply for a service supplier license.