12 U.S.C. § 2608

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 2608 - Title companies; liability of seller

(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.

12 U.S.C. § 2608

Pub. L. 93-533, §9, Dec. 22, 1974, 88 Stat. 1728.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection 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.

title company

the term "title company" means any institution which is qualified to issue title insurance, directly or through its agents, and also refers to any duly authorized agent of a title company;