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12 USC § 3754 - Designation of foreclosure commissioner

---
identifier: "/us/usc/t12/s3754"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 3754 - Designation of foreclosure commissioner"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "3754"
section_name: "Designation of foreclosure commissioner"
chapter_number: 38
chapter_name: "SINGLE FAMILY MORTGAGE FORECLOSURE"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 103–327, title II, Sept. 28, 1994, 108 Stat. 2316.)"
---

# § 3754. Designation of foreclosure commissioner

**(a)** **In general** The Secretary may designate a person or persons to serve as a foreclosure commissioner or commissioners for the purpose of foreclosing upon a single family mortgage.

**(b)** **Power of sale** A foreclosure commissioner designated under this section shall have a nonjudicial power of sale.

**(c)** **Qualifications** The foreclosure commissioner, if a natural person, shall be a resident of the State in which the security property is located and, if not a natural person, the foreclosure commissioner must be duly authorized to transact business under laws of the State in which the security property is located. No person shall be designated as a foreclosure commissioner unless that person is responsible, financially sound, and competent to conduct a foreclosure.

**(d)** **Designation procedure**

**(1)** **Written designation** The Secretary may designate a foreclosure commissioner by executing a written designation stating the name and business or residential address of the commissioner, except that if a person is designated in his or her capacity as an official or employee of a government or corporate entity, such person may be designated by his or her unique title or position instead of by name.

**(2)** **Substitute commissioners** The Secretary may, with or without cause, designate a substitute foreclosure commissioner to replace a previously designated foreclosure commissioner.

**(3)** **Number** More than 1 foreclosure commissioner may be designated at any time.

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**Source Credit**: (Pub. L. 103–327, title II, Sept. 28, 1994, 108 Stat. 2316.)

## Editorial Notes

### Codification

Section is based on section 805 of title VIII of S. 2281, One Hundred Third Congress, as reported , which was enacted into law by .