EXTENSION OF PROCEDURES APPLICABLE TO LIQUIDATION SALES ON DEFAULTED HOME LOANS GUARANTEED BY THE DEPARTMENT OF VETERANS AFFAIRS.

SEC. 12000. EXTENSION OF PROCEDURES APPLICABLE TO LIQUIDATION SALES ON DEFAULTED HOME LOANS GUARANTEED BY THE DEPARTMENT OF VETERANS AFFAIRS. (a) Inclusion of Losses.— Section 3732(c) of title 38, United States Code, is amended— (1) in paragraph (1)(C), by striking out “resale,” and inserting in lieu thereof “resale (including losses sustained on the resale of the property),”; and (2) in paragraph (11), by striking out “shall” and all that follows and inserting in lieu thereof “shall apply to loans closed before October 1, 1998.”. (b) Effective Date.— The amendments made by this section shall become effective October 1, 1993.