2016 US Code
Title 12 - Banks and Banking
Chapter 38 - Multifamily Mortgage Foreclosure
Sec. 3703 - Applicability

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Citation 12 U.S.C. § 3703 (2016)
Section Name §3703. Applicability
Section Text

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.

Source Credit

(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.

Publication Title United States Code, 2012 Edition, Supplement 4, 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 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
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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