section 3706(b) of this titleMultifamily mortgages held by the Secretary encumbering real estate located in any State may be foreclosed by the Secretary in accordance with this chapter, or pursuant to other foreclosure procedures available, at the option of the Secretary. If the Secretary forecloses on any such mortgage pursuant to such other foreclosure procedures available, the provisions of may be applied at the discretion of the Secretary.
Pub. L. 97–35, title III, § 36495 Stat. 423Pub. L. 98–181, title I97 Stat. 1237(, , ; [title IV, § 471], , .)
Editorial Notes
Amendments
Pub. L. 98–181section 3706(b) of this title1983— inserted provision relating to application of in event of foreclosure under other foreclosure procedures.