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(a) In General- If the Secretary, in
consultation with the Chairperson of the Board of Directors of the
Federal Deposit Insurance Corporation and the Secretary of Housing
and Urban Development, determines at any time that modification of
the comprehensive plan initially approved by the Board pursuant to
section 201(b) (as such plan may subsequently have been modified
pursuant to this section), or that modification of any component
program element, is necessary to maximize the prevention of
foreclosures on residential properties or minimize costs to
taxpayers of such foreclosure mitigation, the Secretary may modify
the plan or program element, but only to the extent such
modifications are approved by the Board. |
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