42 U.S.C. § 2310 : US Code - Section 2310: Repossession of property; powers of Commission

Search 42 U.S.C. § 2310 : US Code - Section 2310: Repossession of property; powers of Commission

The Commission is authorized to repossess any property sold by it
in accordance with the terms of any contract to purchase, mortgage
or other instrument, and to sell or make any other disposition of
any property so repossessed and any property purchased by it
pursuant to section 2366 of this title. Notwithstanding any other
provision of law relating to the acquisition, handling, or disposal
of real property by the United States, the Commission shall have
power to deal with, complete, operate, rent, renovate, modernize,
insure, or sell for cash or credit, in its discretion, any
properties acquired pursuant to this chapter, and to pursue to
final collection, by way of compromise or otherwise, all claims
arising pursuant to this section: Provided, That expenses
authorized by this section shall be considered nonadministrative
expenses: Provided further, That section 5 of title 41 shall not
apply to any contract entered into pursuant to this section if the
amount thereof does not exceed $1,000.