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U.S. Code/Title 12/§ 3768

Title 12

12

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12 U.S.C. § 3768.Chapter 38A

§ 3768

Deficiency judgment

Title 12
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Back to Chapter 38APrevious: § 3767

((a)) ** In general**

((1)) ** Referral to Attorney General** If after deducting the payments provided for in , 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.section 3762 of this title

((2)) ** Other recoveries** In any action instituted pursuant to this section the United States may recover—

((A)) any amount authorized by ; and

((B)) the costs of the action.

((b)) ** Limitation** Any action commenced to recover a deficiency under this section must be brought not later than 6 years after the date of the last sale of the security property.

§ 3767

Release: pl-119-102 (2026-07-12)

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