Notwithstanding paragraphs (1) and you can (2), the brand new Secretary will most likely not won’t shell out pursuant in order to a legitimate verify into the finance regarding a loan provider or manager prohibited below it subsection in the event your money was prior to now built in good faith.
The fresh holder of one’s certificate will get begin foreclosure process (once providing created observe of such action on Secretary) and up on a last buy by the legal authorizing property foreclosure and you will entry on Secretary from a declare having fee under the be sure, this new Assistant will spend with the owner of the certificate the newest pro-rata part of the number guaranteed (due to the fact determined pursuant to help you subsection (e)) including realistic costs and you will expenditures since approved by the Secretary.
