FEDERAL · 12 U.S.C. · Chapter 38

Applicability

12 U.S.C. § 3703
Title12Banks and Banking
Chapter38 — MULTIFAMILY MORTGAGE FORECLOSURE

This text of 12 U.S.C. § 3703 (Applicability) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
12 U.S.C. § 3703.

Text

Multifamily mortgages held by the Secretary encumbering real estate located in any State may be foreclosed by the Secretary in accordance with this chapter, or pursuant to other foreclosure procedures available, at the option of the Secretary. If the Secretary forecloses on any such mortgage pursuant to such other foreclosure procedures available, the provisions of section 3706(b) of this title may be applied at the discretion of the Secretary.

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Source Credit

History

(Pub. L. 97–35, title III, §364, Aug. 13, 1981, 95 Stat. 423; Pub. L. 98–181, title I [title IV, §471], Nov. 30, 1983, 97 Stat. 1237.)

Editorial Notes

Editorial Notes

Amendments
1983—Pub. L. 98–181 inserted provision relating to application of section 3706(b) of this title in event of foreclosure under other foreclosure procedures.

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Bluebook (online)
12 U.S.C. § 3703, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/3703.