{"identifier":"/us/usc/t12/s1701l\u20131","title":12,"num":"\u00a7\u202f1701l\u20131.","heading":"Mortgage proceeds fraudulently misappropriated by mortgagor; recovery of deficiency after foreclosure","text":"\u00a7\u202f1701l\u20131.\nMortgage proceeds fraudulently misappropriated by mortgagor; recovery of deficiency after foreclosure\nThe 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.","url":"https://projectusc.org/usc/t12/s1701l\u20131.html","content":[{"t":"sec","id":"/us/usc/t12/s1701l\u20131","children":[{"t":"num","text":"\u00a7\u202f1701l\u20131."},{"t":"heading","text":"Mortgage proceeds fraudulently misappropriated by mortgagor; recovery of deficiency after foreclosure"},{"t":"content","text":"\n","children":[{"t":"p","text":"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.","tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}