US SB723

Bureau of Indian Affairs must complete preliminary review of residential and business mortgage packages on Indian land within 10 calendar days of receipt, and notify lenders of missing documents within 2 days

Leasehold mortgages must be approved or disapproved within 20 calendar days; land mortgages and right-of-way documents within 30 calendar days of receiving complete documentation

Certified title status reports must be completed within 10 calendar days after mortgage approval, or within 14 calendar days when requested independently by an applicant

Creates a Realty Ombudsman position within the Bureau's Division of Real Estate Services to monitor compliance with deadlines, serve as liaison to federal agencies, and handle complaints from tribes and lenders

Requires annual reports to Congress on processing performance by each Bureau office and a GAO study within one year on the feasibility and cost of digitizing tribal mortgage records