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12 USC Section 2610

Prohibition of Fees for Preparation of Truth-in-Lending, Uniform Settlement, and Escrow Account Statements

From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 27, 1998]
[Document not affected by Public Laws enacted between
January 27, 1998 and November 30, 1998]
[CITE: 12USC2610]


TITLE 12 - BANKS AND BANKING
CHAPTER 27 - Real Estate Settlement Procedures
Sec. 2610. Prohibition of fees for preparation of truth-in-lending, uniform settlement, and escrow account statements

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.].

(Pub. L. 93-533, Sec. 12, Dec. 22, 1974, 88 Stat. 1729; Pub. L. 101-625,
title IX, Sec. 942(b), Nov. 28, 1990, 104 Stat. 4412.)

References in Text

Truth in Lending Act, referred to in text, is title I of Pub. L. 90-
321, May 29, 1968, 82 Stat. 146, as amended, which is classified
generally to subchapter I (Sec. 1601 et seq.) of chapter 41 of Title 15,
Commerce and Trade. For complete classification of this Act to the Code, see Short Title note set out under section 1601 of Title 15 and Tables.


Amendments

1990--Pub. L. 101-625 substituted present section catchline for
``Fee for preparation of truth-in-lending and uniform settlement
statements'', inserted after first comma ``or by a servicer (as the term
is defined under section 2605(i) of this title),'', and substituted
``lender or servicer'' for second reference to ``lender'' and
``2609(c)'' for ``2605''.