OPINION OF THE COURT
BECKER, Circuit Judge.
Equity skimming is the practice of diverting revenues generated by mortgaged property in default to purposes other than property maintenance or mortgage payments. This case presents the question whether a federal criminal statute, 12 U.S.C. § 1715z-4(b) (1982), which proscribes equity skimming from federally-assisted multifamily housing projects, applies although the mortgagor did not receive an extension...
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