FEDERAL · 12 U.S.C. · Chapter 38
Applicability
Current through Pub. L. 119-102
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.
Free access — add to your briefcase to read the full text and ask questions with AI
12 U.S.C. § 3703 (Applicability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Little Earth of United Tribes, Inc. v. U.S. Department of Housing & Urban Development
675 F. Supp. 497 (D. Minnesota, 1987)
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.
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.