Code of Federal Regulations · Section
§ 1024.12 — No Fee
12 C.F.R. § 1024.12
View:
No fee shall be imposed or charge made upon any other person, as a part of settlement costs or otherwise, by a lender in connection with a federally related mortgage loan made by it (or a loan for the purchase of a manufactured home), or by a servicer (as that term is defined under 12 U.S.C. 2605(i)(2)) for or on account of the preparation and distribution of the HUD-1 or HUD-1A settlement statement, escrow account statements required pursuant to section 10 of RESPA (12 U.S.C. 2609), or statements required by the Truth in Lending Act (15 U.S.C. 1601 et seq.).
Authorizing Statute
-
Servicing of mortgage loans and administration of escrow accounts12 U.S.C. § 2605
-
Congressional findings and declaration of purpose15 U.S.C. § 1601
-
Limitation on requirement of advance deposits in escrow accounts12 U.S.C. § 2609