{"identifier":"/us/usc/t50/s3954","title":50,"num":"\u00a7\u202f3954.","heading":"Settlement of stayed cases relating to personal property","text":"\u00a7\u202f3954.\nSettlement of stayed cases relating to personal property\n(a)\nAppraisal of property\nWhen a stay is granted pursuant to this chapter in a proceeding to foreclose a mortgage on or to repossess personal property, or to rescind or terminate a contract for the purchase of personal property, the court may appoint three disinterested parties to appraise the property.\n(b)\nEquity payment\nBased on the appraisal, and if undue hardship to the servicemember\u2019s dependents will not result, the court may order that the amount of the servicemember\u2019s equity in the property be paid to the servicemember, or the servicemember\u2019s dependents, as a condition of foreclosing the mortgage, repossessing the property, or rescinding or terminating the contract.","url":"https://projectusc.org/usc/t50/s3954.html","content":[{"t":"sec","id":"/us/usc/t50/s3954","children":[{"t":"num","text":"\u00a7\u202f3954."},{"t":"heading","text":"Settlement of stayed cases relating to personal property"},{"t":"subsec","id":"/us/usc/t50/s3954/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Appraisal of property"},{"t":"content","children":[{"t":"p","text":"When a stay is granted pursuant to this chapter in a proceeding to foreclose a mortgage on or to repossess personal property, or to rescind or terminate a contract for the purchase of personal property, the court may appoint three disinterested parties to appraise the property.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t50/s3954/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Equity payment"},{"t":"content","children":[{"t":"p","text":"Based on the appraisal, and if undue hardship to the servicemember\u2019s dependents will not result, the court may order that the amount of the servicemember\u2019s equity in the property be paid to the servicemember, or the servicemember\u2019s dependents, as a condition of foreclosing the mortgage, repossessing the property, or rescinding or terminating the contract.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}