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12 USC Section 2608

Title Companies; Liability of Seller

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: 12USC2608]

TITLE 12 - BANKS AND BANKING
CHAPTER 27 - Real Estate Settlement Procedures
Sec. 2608. Title companies; liability of seller

(a) No seller of property that will be purchased with the assistance
of a federally related mortgage loan shall require directly or
indirectly, as a condition to selling the property, that title insurance
covering the property be purchased by the buyer from any particular
title company.

(b) Any seller who violates the provisions of subsection (a) of this
section shall be liable to the buyer in an amount equal to three times
all charges made for such title insurance.

(Pub. L. 93-533, Sec. 9, Dec. 22, 1974, 88 Stat. 1728.)

Section Referred to in Other Sections
This section is referred to in section 2614 of this title.