12-U.S.C.-1701L-1
§1701L-1 – §1701L-1. Mortgage Proceeds Fraudulently Misappropriated By Mortgagor; Recovery of Deficiency After Foreclosure
Pathway
Title 12 > Chapter 13 > Section 1701l-1
Details
- Reference: Section 1701l-1
- Legend: §1701L-1 – §1701L-1. Mortgage Proceeds Fraudulently Misappropriated By Mortgagor; Recovery of Deficiency After Foreclosure
- USCode Year: 2013
Provision Content
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.
(Pub. L. 93–383, title VIII, §819, Aug. 22, 1974, 88 Stat. 740.)
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.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-1701A in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-1701A, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-1701H in the Legal Encyclopedia: Mortgage
In this entry about 12-U.S.C.-1701H, find legal reference material, bibliographies and premiere content related to mortgage in the American Encyclopedia of Law, presenting a comprehensive view of the United States mortgage-specific issues, written by authorities in the field.
12-U.S.C.-1701G-5B in the Legal Encyclopedia: Housing
In this entry about 12-U.S.C.-1701G-5B, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.
Leave a Reply