12 U.S.C. § 2610 — Prohibition of fees for preparation of truth-in-lending, uniform settlement, and escrow account statements
submitted 52 years ago by Pub. L. 93-533 to r/title-12-BANKS-AND-BANKING · 106 words · no verdicts yet
A lender or servicer may not charge a fee for preparing and submitting required truth-in-lending, settlement, or escrow-account statements for a covered mortgage or mobile-home loan.
A lender making a federally related mortgage loan* or mobile-home purchase loan, and a servicer as defined in section 2605(i), may not impose a fee or charge on another person*, as settlement costs or otherwise, for preparing and submitting statements required for that loan by sections 2603 or 2609(c) or by the Truth in Lending Act.
No fee shall be imposed or charge made upon any other person* (as a part of settlement costs or otherwise) by a lender in connection with a federally related mortgage loan* made by it (or a loan for the purchase of a mobile home), or by a servicer (as the term is defined under section 2605(i) of this title), for or on account of the preparation and submission by such lender or servicer of the statement or statements required (in connection with such loan) by sections 2603 and 2609(c) of this title or by the Truth in Lending Act [15 U.S.C. 1601 et seq.].
Source credit: (Pub. L. 93–533, § 12, Dec. 22, 1974, 88 Stat. 1729; Pub. L. 101–625, title IX, § 942(b), Nov. 28, 1990, 104 Stat. 4412.)
- 1974Enacted · Pub. L. 93-533 · 88 Stat. 1729
- 1990Amended · Pub. L. 101-625 · 104 Stat. 4412
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-533 on 1974-12-22.
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