12 U.S.C. § 3703
Section 3703 · Applicability
Amended 2 times on record
Applied in 1 court decisions — leading case 675 F. Supp. 497 - Little Earth of United Tribes, Inc. v. U.S. Department of Housing & Urban Development (1987)
Most recently applied in 675 F. Supp. 497 - Little Earth of United Tribes, Inc. v. U.S. Department of Housing & Urban Development (October 1987)
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.
Editorial notes U.S. Code · Office of the Law Revision Counsel
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.