Pub. L. 93-383, tit. VIII, sec. 819
mortgage proceeds fraudulently misappropriated by mortgagor
mortgage proceeds fraudulently misappropriated by mortgagor Sec. 819. The Secretary of Housing and Urban Development shall take action to secure the payment of any deficiency after foreclosure on a mortgage insured or assisted under Federal law where the Secretary has reason to believe that mortgage proceeds have been fraudulently misappropriated by the mortgagor.