foreclosure proceeding
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 2202A — as used in this part (2 versions over time)
The term “foreclosure proceeding” means—
(A) a foreclosure or similar legal proceeding to enforce a lien on property, whether real or personal, that secures a nonaccrual or distressed loan; or
(B) the seizing of and realizing on nonreal property collateral, other than collateral subject to a statutory lien arising under subchapter I or II, to effect collection of a nonaccrual or distressed loan.