FEDERAL · 12 U.S.C. · Chapter 27

Title companies; liability of seller

12 U.S.C. § 2608
Title12Banks and Banking
Chapter27 — REAL ESTATE SETTLEMENT PROCEDURES

This text of 12 U.S.C. § 2608 (Title companies; liability of seller) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
12 U.S.C. § 2608.

Text

(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) shall be liable to the buyer in an amount equal to three times all charges made for such title insurance.

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Source Credit

History

(Pub. L. 93–533, §9, Dec. 22, 1974, 88 Stat. 1728.)

Editorial Notes

Statutory Notes and Related Subsidiaries

Effective Date
Section effective 180 days after Dec. 22, 1974, see section 20 of Pub. L. 93–533, set out as a note under section 2601 of this title.

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Bluebook (online)
12 U.S.C. § 2608, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/2608.