2012 US Code
Title 12 - Banks and Banking
Chapter 13 - NATIONAL HOUSING (§§ 1701 - 1750jj)
Section 1701l-1 - Mortgage proceeds fraudulently misappropriated by mortgagor; recovery of deficiency after foreclosure
| Publication Title | United States Code, 2012 Edition, 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 13 - NATIONAL HOUSING Sec. 1701l-1 - Mortgage proceeds fraudulently misappropriated by mortgagor; recovery of deficiency after foreclosure |
| Contains | section 1701l-1 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 93-383, title VIII, §819, Aug. 22, 1974, 88 Stat. 740. |
| Statutes at Large Reference | 88 Stat. 740 |
| Public Law Reference | Public Law 93-383 |
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The Secretary of Housing and Urban Development shall take action to secure the payment of any deficiency after foreclosure on a mortgage insured or assisted under Federal law where the Secretary has reason to believe that the mortgage proceeds have been fraudulently misappropriated by the mortgagor.
(Pub. L. 93–383, title VIII, §819, Aug. 22, 1974, 88 Stat. 740.)
CodificationSection was enacted as part of the Housing and Community Development Act of 1974, and not as part of the National Housing Act which comprises this chapter.
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