Notes on 12 U.S.C. § 2605 : US Code - Notes

Search Notes on 12 U.S.C. § 2605 : US Code - Notes

(Pub. L. 93-533, Sec. 6, as added Pub. L. 101-625, title IX, Sec.
941, Nov. 28, 1990, 104 Stat. 4405; amended Pub. L. 102-27, title
III, Sec. 312(a), Apr. 10, 1991, 105 Stat. 154; Pub. L. 103-325,
title III, Sec. 345, Sept. 23, 1994, 108 Stat. 2239; Pub. L. 104-
208, div. A, title II, Sec. 2103(a), Sept. 30, 1996, 110 Stat.
3009-399.)
PRIOR PROVISIONS
A prior section 2605, Pub. L. 93-533, Sec. 6, Dec. 22, 1974, 88
Stat. 1726, related to advanced itemized disclosure of settlement
costs by the lender and liability of the lender for failure to
comply, prior to repeal by Pub. L. 94-205, Sec. 5, Jan. 2, 1976, 89
Stat. 1158.
AMENDMENTS
1996 - Subsec. (a). Pub. L. 104-208 amended heading and text of
subsec. (a) generally. Prior to amendment, text consisted of pars.
(1) to (3) relating to requirements for lenders of federally
related mortgage loans to disclose to applicants whether servicing
of such loan may be assigned, sold, or transferred, directed
Secretary to develop model disclosure statement, and required
signature of applicant on all such disclosure statements.
1994 - Subsec. (a)(1)(B). Pub. L. 103-325 substituted "(B) at the
choice of the person making a federally related mortgage loan -
"(i) for each of the most recent"
for "(B) for each of the most recent", redesignated cls. (i) and
(ii) as subcls. (I) and (II), respectively, and realigned margins,
substituted "or" for "and" at end of subcl. (II), and added cl.
(ii).
1991 - Subsec. (j). Pub. L. 102-27 added subsec. (j).