§3762. Disposition of sale proceeds — Inbound Citations
12 U.S.C. § 3762
Cited by 1 provision in release 119-102.
Citations to 12 U.S.C. § 3762 as a whole
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(1) If after deducting the payments provided for in section 3762 of this title, the price at which the security property is sold at a foreclosure sale is less than the unpaid balance of the debt secured by the security property, resulting in a deficiency, the Secretary may refer the matter to the Attorney General who may commence an action or actions against any or all debtors to recover the deficiency, unless such an action is specifically prohibited by the mortgage.