FEDERAL · 12 U.S.C. · Chapter 38A
Foreclosure costs
12 U.S.C. § 3761
Title12 — Banks and Banking
Chapter38A — SINGLE FAMILY MORTGAGE FORECLOSURE
Current throughPub. L. 119-99
This text of 12 U.S.C. § 3761 (Foreclosure costs) 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. § 3761.
Text
The following foreclosure costs shall be paid from the sale proceeds before satisfaction of any other claim to such sale proceeds:
(1)Advertising and postage
Necessary advertising costs and postage incurred in giving notice pursuant to sections 3758 and 3760 of this title.
(2)Mileage
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.
(3)Title and lien search
Reasonable and necessary costs incurred in connection with any search of title and lien records.
(4)Recordation fees
Costs incurred to record documents.
(5)Commission
A commission for the foreclosure commissioner (if the foreclosure commissioner is not an employee of the United States)
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Source Credit
History
(Pub. L. 103–327, title II, Sept. 28, 1994, 108 Stat. 2316.)
Editorial Notes
Editorial Notes
Codification
Section is based on section 812 of title VIII of S. 2281, One Hundred Third Congress, as reported July 13, 1994, which was enacted into law by Pub. L. 103–327.
Codification
Section is based on section 812 of title VIII of S. 2281, One Hundred Third Congress, as reported July 13, 1994, which was enacted into law by Pub. L. 103–327.
Cite This Page — Counsel Stack
Bluebook (online)
12 U.S.C. § 3761, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/3761.