foreclosure proceeding

(4) Foreclosure proceeding The term “foreclosure proceeding” means— (A) a foreclosure or similar legal proceeding to enforce a lien on property, whether real or personal, that secures a nonaccrual or distressed loan; or (B) the seizing of and realizing on nonreal property collateral, other than collateral subject to a statutory lien arising under subchapter I or II, to effect collection of a nonaccrual or distressed loan.


12 USC § 2202a(a)(4)

Scoping language

As used in this part
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