Summary

Requires the Bureau of Indian Affairs to follow set deadlines and notice rules when reviewing proposed residential and business leaseholds, land mortgages, and rights-of-way on Indian land; gives lenders and applicants read-only access to title/tracking systems, mandates reporting and a GAO study on digitization, and creates a Realty Ombudsman to help monitor compliance and resolve complaints. The bill also defines key terms (types of mortgages, certified title status reports, applicable Bureau offices, and which Federal programs guarantee mortgages on Indian land) so reviews are more consistent and transparent.

• Defines key realty terms and which Bureau offices and federal mortgage programs are covered.
• Sets statutory timelines and notice requirements for Bureau review of leaseholds, mortgages, and rights-of-way on Indian land.
• Requires delivery of certified title status reports to lenders and applicants and read-only access to the Bureau's tracking system.
• Mandates an annual report to Congress on compliance with review timelines and related performance measures.
• Directs a GAO study on digitizing and improving title/mortgage processing and reporting systems.
• Creates a Realty Ombudsman reporting to the Secretary of the Interior to monitor compliance, liaise with agencies, and handle complaints.
• Aims to increase predictability and transparency for tribes, tribal landowners, and lenders engaged in Indian land transactions.
• Does not specify new appropriations or dedicated funding for implementation in the provided text.