12 Usc Section 2605

22 1974 see section 20 of pub.

12 usc section 2605. Any action pursuant to the provisions of section 2605 2607 or 2608 of this title may be brought in the united states district court or in any other court of competent jurisdiction for the district in which the property involved is located or where the violation is alleged to have occurred within 3 years in the case of a violation of section 2605 of this title and 1 year in the case of a violation of section 2607 or 2608 of this title from the date of the occurrence of the violation. Code unannotated title 12. Banks and banking 2605.

Each person who makes a federally related mortgage loan shall disclose to each person who applies for the loan at the time of application for the loan whether the servicing of the loan may be assigned sold or transferred to any other person at any time while the loan is outstanding. 2605 servicing of mortgage loans and administration of escrow accounts. Servicing of mortgage loans and administration of escrow accounts.

A disclosure to applicant relating to assignment sale or transfer of loan servicing. 2605 u s. Prohibition against kickbacks and unearned fees 2608.

Liability of seller 2609. Section effective 180 days after dec. 12 usc 2605 servicing of mortgage loans and administration of escrow accounts.

As such term is defined under section 1681a of title 15. Title 12 banks and banking. If the terms of any federally related mortgage loan require the borrower to make payments to the servicer as the term is defined in section 2605 i of this title of the loan for deposit into an escrow account for the purpose of assuring payment of taxes insurance premiums and other charges with respect to the property the servicer shall notify the borrower not less than annually of any shortage of funds in the escrow account.

Servicing of mortgage loans and administration of escrow accounts 2606. 93 533 set out as a note under section 2601 of this title. Servicing of mortgage loans and administration of escrow accounts.