Health & Human Services - Mille Lacs Band of Ojibwe

Appendix EBAND MEMBER DISCRETIONARY LOAN PROGRAMBand members who have received their minor trust fund and have funds available forgarnishment from their per capita payments, may qualify for a loan of up to $500 to berepaid from the Band member’s next per capita payment. Borrowers may contact theDiscretionary Loan Assistant for loan guidelines and information on the application process.Guidelines1. All applicants shall be enrolled Mille Lacs Band members.2. All applicants shall be at least 18 years of age and must receive per capita payments.3. Loans will be made on a first-come, first-served basis only to the extent that funds areavailable.4. Loans are available at a $500 maximum amount. Band members may not receive anotherloan until all prior discretionary loans are repaid.5. At the time that loans are repaid, new loans will be distributed until the funds are fullydepleted again.6. Band members are eligible to receive a loan every other month if heir prior loan has beenrepaid in full.Applying1. Loan applications must be made in writing and either faxed or mailed to the DiscretionaryLoan Assistant.2. Applications must include your name, address, and Band enrollment number.3. The loans may be repaid at any time at the Office of Management and Budget. However,if no repayment is made, the entire loan must be paid in full directly from the next percapita distribution.4. The applicant must pick up his or her own loan check in person, and sign a loan agreementat that time.96