
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC3703]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 38--MULTIFAMILY MORTGAGE FORECLOSURE
 
Sec. 3703. Applicability

    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. 97-35, title III, Sec. 364, Aug. 13, 1981, 95 Stat. 423; Pub. 
L. 98-181, title IV, Sec. 471, Nov. 30, 1983, 97 Stat. 1237.)


                               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.
