2016 US Code
Title 12 - Banks and Banking
Chapter 27 - Real Estate Settlement Procedures
Sec. 2608 - Title companies; liability of seller

Download PDF
Citation 12 U.S.C. § 2608 (2016)
Section Name §2608. Title companies; liability of seller
Section 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.

Source Credit

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

Editorial Notes 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.

Publication Title United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 12 - BANKS AND BANKING
CHAPTER 27 - REAL ESTATE SETTLEMENT PROCEDURES
Sec. 2608 - Title companies; liability of seller
Contains section 2608
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 88 Stat. 1728
Public Law References Public Law 93-533
Disclaimer: These codes may not be the most recent version. United States may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.