Pub. L. 93-383, tit. VIII, sec. 819 (as amended)
mortgage proceeds fraudulently misappropriated by mortgagor
mortgage proceeds fraudulently misappropriated by mortgagor
Sec. 819. [12 U.S.C. 1701l–1] 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.
- Cross-references to the US Code
- 12 U.S.C. 1701l–1