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2018 US Code
Title 12 - Banks and Banking
Chapter 13 - National Housing
Sec. 1701l-1 - Mortgage proceeds fraudulently misappropriated by mortgagor; recovery of deficiency after foreclosure
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| 12 U.S.C. § 1701l-1 (2018) |
| §1701l–1. Mortgage proceeds fraudulently misappropriated by mortgagor; recovery of deficiency after foreclosure |
|
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. |
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(Pub. L. 93–383, title VIII, §819, Aug. 22, 1974, 88 Stat. 740.) |
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CODIFICATION
Section 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. |
| United States Code, 2018 Edition, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 13 - NATIONAL HOUSING Sec. 1701l-1 - Mortgage proceeds fraudulently misappropriated by mortgagor; recovery of deficiency after foreclosure |
| section 1701l-1 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 88 Stat. 740 |
| Public Law 93-383 |
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