Page:United States Statutes at Large Volume 103 Part 2.djvu/1046

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

103 STAT. 2056 PUBLIC LAW 101-235—DEC. 15, 1989 closure sale, consistent with applicable procedures in the jurisdic- tion and without regard to any such right of redemption. (c) VERIFICATION OF TITLE.—The following actions shall be taken in order to verify title in the purchaser at the foreclosure sale: (1) In the case of a judicial foreclosure in any Federal or State court, there shall be included in the petition and in the judg- ment of foreclosure a statement that the foreclosure is in accordance with this subsection and that there is no right of redemption in the mortgagor or any other person. (2) In the case of a loreclosure pursuant to a power of sale provision in the mortage, the statement required in paragraph (1) shall be included in the advertisement of the sale and eitiier in the recitals of the deed or other appropriate instrument conveying title to the purchaser at the foreclosure sale or in an affidavit or addendum to the deed. (d) DEFINITIONS.—For purposes of this section: (1) The term "mortgage" means a deed of trust, mortgage, deed to secure debt, security agreement, or any other form of instrument under which any interest in property, real, per- sonal, or mixed, or any interest in property, including lease- holds, life estat€»3, reversionai^ interests, and any other estates under applicable State law, is conveyed in trust, mortgaged, encumbered, pledged, or otherwise rendered subject to a Uen, for the purpose of securing the payment of money or the performance of an obligation. (2) The term "single family mortgage" means a mortgage that covers property that includes a 1- to 4-family residence. SEC. 702. CDBG GRANTS TO INDIAN TRIBES. (a) EuMiNATioN FROM DEFINITION OF NONENTITLEMENT AREAS. — Section 102(a)(7) of the Housing and Community Development Act of 42 USC 5302. 1974 is amended by striking the period at the end and inserting the following: "and does not indude Indian tribes.". (b) AiJLOCATiON.—Section 106 of the Housing and Community 42 USC 5306. Development Act of 1974 is amended— (1) in subsection (a)— (A) by inserting "and Indian tribes" before the period at the end of the first sentence; and (B) by striking the period at the end and inserting the following: "Indian tribes shall receive grants from such allocation pursuant to subsection 0>X7)."; (2) in subsection (b)(l)> by striking "The" and inserting "After taking into account the set-aside for Indian tribes under para- graph (7), the"; (3) in subsection Oi>X2), by striking "The" and inserting "After taking into account the set-aside for Indian tribes under para- graph (7), the"; (4) in subsection 01>), by adding at the end the following new paragraphs: "(7)(A) For each fiscal year, the Secretary shall reserve for grants to Indian tribes, from amounts approved in appropriation Acts under section 103 for grants for the year under subsection (a), not more than 1 percent of the amounts appropriated under such section. "(B) The Secreta:^ shall provide for distribution of amounts under this paragraph to Indian tribes on the basis of a competition con- ducted pursuant to specific criteria for the selection of Indian tribes