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2016 US Code
Title 12 - Banks and Banking
Chapter 38 - Multifamily Mortgage Foreclosure
Sec. 3703 - Applicability
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12 U.S.C. § 3703 (2016) |
§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.) |
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. |
United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 12 - BANKS AND BANKING CHAPTER 38 - MULTIFAMILY MORTGAGE FORECLOSURE Sec. 3703 - Applicability |
section 3703 |
2016 |
January 6, 2017 |
No |
standard |
95 Stat. 423 97 Stat. 1237 |
Public Law 97-35, Public Law 98-181 |
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