24 CFR 1000.401 - What terms are used throughout this subpart?
As used throughout title VI of NAHASDA and in this subpart:
Applicant means the entity that requests a HUD guarantee under the provisions of this subpart.
Borrower means an Indian tribe or TDHE that receives funds in the form of a loan with the obligation to repay in full, with interest, and has executed notes or other obligations that evidence that transaction.
Issuer means an Indian tribe or TDHE that issues or executes notes or other obligations. An issuer can also be a borrower.