FEDERAL · 12 U.S.C. · Chapter 27
Title companies; liability of seller
Current through Pub. L. 119-102
(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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12 U.S.C. § 2608 (Title companies; liability of seller) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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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.
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.