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 the mortgage proceeds have been fraudulently misappropriated by the mortgagor.
File SHA-256: a2eed9dabc100336cd597bd418d03307a400e584a87ca8200a4609bcaefb5c9f. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. This page displays the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Stable record: federal_law:legal_authorities:record_usc_35fce51bd27475969704688c Source file: Laws/federal/codes/united-states-code/title-12/section-1715-mortgage-proceeds-fraudulently-misappropriated-by-mortgagor-recovery-of--ac9bcbfc3e.md Pages: Not recorded – Not recorded Passage SHA-256: d9ffafe3f0780d8fe3189784942ef30f7f2c7f63cf39d6712d4d62c146185041 Retained source evidence SHA-256: a2eed9dabc100336cd597bd418d03307a400e584a87ca8200a4609bcaefb5c9f
Source location: Title 12, Chapter 13, § 1715; chapter-013-national-housing.md
Stored source content
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 the mortgage proceeds have been fraudulently misappropriated by the mortgagor.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
§ 1715. Statistical and economic surveys
The Secretary shall cause to be made in con-
nection with the insurance programs such sta-
tistical surveys and legal and economic studies
as he shall deem useful to guide the develop-
ment of housing and the creation of a sound
mortgage market in the United States, and shall
publish from time to time the results of such
surveys and studies. Expenses of such studies
and surveys, and expenses of publication and
distribution of the results of such studies and
surveys, shall be charged as a general expense of
such insurance fund or funds, as the Secretary
shall determine.
(June 27, 1934, ch. 847, title II, § 209, 48 Stat. 1252;
Feb. 3, 1938, ch. 13, § 3, 52 Stat. 22; Mar. 28, 1941,
ch. 31, § 4(c), 55 Stat. 62; Apr. 20, 1950, ch. 94, title
I, § 122, 64 Stat. 59; Pub. L. 87–70, title VI, § 612(d),
June 30, 1961, 75 Stat. 181; Pub. L. 89–117, title XI,
§ 1108(f), Aug. 10, 1965, 79 Stat. 504; Pub. L. 90–19,
§ 1(a)(3), (f), May 25, 1967, 81 Stat. 17, 18.)
Editorial Notes
AMENDMENTS
1967—Pub. L. 90–19 substituted ‘‘Secretary’’ for ‘‘Com-
missioner’’ wherever appearing and inserted ‘‘in con-
nection with the insurance programs’’ after ‘‘made’’.
1965—Pub. L. 89–117 struck out ‘‘or account or ac-
counts,’’ after ‘‘fund or funds,’’.
1961—Pub. L. 87–70 substituted ‘‘shall be charged as a
general expense of such insurance fund or funds, or ac-
Page 582
TITLE 12—BANKS AND BANKING
§ 1715a
count or accounts, as the Commissioner shall deter-
mine’’ for ‘‘shall be charged as a general expense of the
Fund, the Housing Fund, and the Defense Housing In-
surance Fund in such proportion as the Commissioner
shall determine’’.
1950—Act Apr. 20, 1950, substituted ‘‘Commissioner’’
for ‘‘Administrator’’ wherever appearing.
1941—A