12 U.S.C. § 3761 — Foreclosure costs
submitted 32 years ago by Pub. L. 103-327 to r/title-12-BANKS-AND-BANKING · 141 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The following foreclosure costs shall be paid from the sale proceeds before satisfaction of any other claim to such sale proceeds:
Necessary advertising costs and postage incurred in giving notice pursuant to sections 3758 and 3760 of this title.
Mileage (determined by the most reasonable road distance) for posting notices and for the foreclosure commissioner’s or auctioneer’s attendance at the sale, as provided in section 1821 of title 28.
Reasonable and necessary costs incurred in connection with any search of title and lien records.
Costs incurred to record* documents.
A commission for the foreclosure commissioner (if the foreclosure commissioner is not an employee of the United States) for the conduct of the foreclosure, to the extent such a commission is authorized by the Secretary.
Source credit: (Pub. L. 103–327, title II, Sept. 28, 1994, 108 Stat. 2316.)
- 1994Enacted · Pub. L. 103-327 · 108 Stat. 2316
A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-327 on 1994-09-28.
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