Pub. L. 84-221, ch. 11, sec. 113

Contract Forms.—

EnactedYear: 1955Length: 96 wordsOfficial source
Sec. 113. Contract Forms.—Contracts entered into pursuant to this Act and other instruments executed pursuant to this Act shall be in such form and contain such provisions, consistent with this Act, as the Commission shall prescribe; and shall be as simple and concise as possible. Any mortgage shall contain terms which will place the United States in the same position, with respect to any mortgages it may hold under the provisions of chapter 6, as that occupied by a private lender under the applicable State laws for the relief of mortgagors with respect to deficiency judgments.
Pub. L. 84-221, ch. 11, sec. 113: Contract Forms.— | Justis AI