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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. § 3714 Record of foreclosure and sale us united_states_code code_section 12 BANKS AND BANKING 38 MULTIFAMILY MORTGAGE FORECLOSURE 3714 12 U.S.C. § 3714 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/s3714 data/legal/raw/us/code/title-12/usc12.xml 4d3d4f2cb62245de4f681709899ec2355428272f779ca2eccda761dbe9217f26 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa d62e6fbf30b5c79c0f43523771080a11c357c58a9d50ce1b3a89f877fc16d447 2026-07-04 official
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12 U.S.C. § 3714 - Record of foreclosure and sale

Text

(a) To establish a sufficient record of foreclosure and sale, the foreclosure commissioner shall include in the recitals of the deed to the purchaser or prepare an affidavit or addendum to the deed stating—

(1) that the mortgage was held by the Secretary;

(2) the particulars of the foreclosure commissioners service of notice of default and foreclosure sale in accordance with sections 3708 and 3710 of this title;

(3) that the foreclosure was conducted in accordance with the provisions of this chapter and with the terms of the notice of default and foreclosure sale;

(4) a correct statement of the costs of foreclosure, calculated in accordance with section 3711 of this title; and

(5) the name of the successful bidder and the amount of the successful bid.

(b) The deed executed by the foreclosure commissioner, the foreclosure commissioners affidavit and any other instruments submitted for recordation in relation to the foreclosure of the security property under this chapter shall be accepted for recordation by the registrar of deeds or other appropriate official of the county or counties in which the security property is located upon tendering of payment of the usual recording fees for such instruments.

(Pub. L. 9735, title III, § 369F, Aug. 13, 1981, 95 Stat. 430.)