12 U.S.C. · Banks and Banking
12 U.S.C. § 3703

Applicability

Ch. 38 — MULTIFAMILY MORTGAGE FORECLOSURE
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 38
Statutory Text

12 U.S.C. § 3703 — Applicability

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 38 - MULTIFAMILY MORTGAGE FORECLOSURE Sec. 3703 - Applicability From the U.S. Government Publishing Office, www.gpo.gov

§3703. Applicability

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.

(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

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.

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 3703
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The statutory text of 12 U.S.C. § 3703 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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