2011 US Code
Title 12 - Banks and Banking
Chapter 38 - MULTIFAMILY MORTGAGE FORECLOSURE (§§ 3701 - 3717)
Section 3703 - Applicability
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 38 - MULTIFAMILY MORTGAGE FORECLOSURE Sec. 3703 - Applicability |
| Contains | section 3703 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 97-35, title III, §364, Aug. 13, 1981, 95 Stat. 423; Pub. L. 98-181, title IV, §471, Nov. 30, 1983, 97 Stat. 1237. |
| Statutes at Large References | 95 Stat. 423 97 Stat. 1237 |
| Public Law References | Public Law 97-35, Public Law 98-181 |
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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 IV, §471, Nov. 30, 1983, 97 Stat. 1237.)
Amendments1983—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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