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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 3703 Applicability us united_states_code code_section 12 BANKS AND BANKING 38 MULTIFAMILY MORTGAGE FORECLOSURE 3703 12 U.S.C. § 3703 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s3703 data/legal/raw/us/code/title-12/usc12.xml aafb78fa60fe3661bf4e6e9a576f1aeb1ba83602b36290107caad6ba6fe64b09 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 22c0e80e6d23e94750c3b75e627bdb461c7c76d5ce66f5fb023fc031498e7463 2026-07-04 official
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12 U.S.C. § 3703 - Applicability

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.

(Pub. L. 9735, title III, § 364, Aug. 13, 1981, 95 Stat. 423; Pub. L. 98181, title I [title IV, § 471], Nov. 30, 1983, 97 Stat. 1237.)

Notes

Editorial Notes

Amendments1983—Pub. L. 98181 inserted provision relating to application of section 3706(b) of this title in event of foreclosure under other foreclosure procedures.