12 USC Ch. 38: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 38-MULTIFAMILY MORTGAGE FORECLOSURE
CHAPTER 38-MULTIFAMILY MORTGAGE FORECLOSURE
Sec.
3701.
Findings and purpose.
3702.
Definitions.
3703.
Applicability.
3704.
Foreclosure commissioner; designation, duties, etc.
3705.
Prerequisites to foreclosure.
3706.
Notice of default and foreclosure sale; condition and term of sale.
3707.
Commencement of foreclosure; powers and duties of foreclosure commissioner or substitute.
3708.
Service of notice of default and foreclosure sale.
3709.
Presale reinstatement.
(a)
Grounds.
(b)
Views of Secretary.
(c)
Mortgage subsequent to reinstatement.
(d)
Subsequent foreclosures.
3710.
Foreclosure sale.
(a)
Time of sale; public auction; location.
(b)
Conduct of sale.
(c)
Adjournment or cancellation.
3711.
Foreclosure costs.
3712.
Disposition of sale proceeds.
3713.
Transfer of title and possession.
(a)
Payment and delivery of deeds.
(b)
Quit claim deed.
(c)
Possession by purchaser; continuing interests.
(d)
Right of redemption; right of possession.
(e)
Imposition of tax on conveyance to the Secretary.
3714.
Record of foreclosure and sale.
3715.
Computation of time.
3716.
Separability.
3717.
Regulations.