---
kind: "section"
citation: "38 C.F.R. § 36.4513"
title: "38"
number: "36.4513"
heading: "Foreclosure and liquidation."
url: "https://uscodex.org/cfr/38/36.4513"
---

# §36.4513. Foreclosure and liquidation.


In the event of a foreclosure sale or other liquidation of the security for a loan, the Department of Veterans Affairs shall credit upon the indebtedness the greater of:

- (a) The net proceeds of the sale, or
- (b) The current market value of the property as determined by the Department of Veterans Affairs, less the costs and expenses of liquidation.

## Notes

### Amendments

[23 FR 2340, Apr. 10, 1958]

### Amendments

[24 FR 2658, Apr. 7, 1959]

### Authority

Authority: 38 U.S.C. 501 and 3720.

### Amendments

[23 FR 2340, Apr. 10, 1958]