Notes on 12 U.S.C. § 2609 : US Code - Notes

Search Notes on 12 U.S.C. § 2609 : US Code - Notes

(Pub. L. 93-533, Sec. 10, Dec. 22, 1974, 88 Stat. 1728; Pub. L. 94-
205, Sec. 8, Jan. 2, 1976, 89 Stat. 1158; Pub. L. 101-625, title
IX, Sec. 942(a), Nov. 28, 1990, 104 Stat. 4411; Pub. L. 104-208,
div. A, title II, Sec. 2103(g)(2), Sept. 30, 1996, 110 Stat. 3009-
401.)
AMENDMENTS
1996 - Subsec. (c)(1)(C). Pub. L. 104-208 substituted "The
Secretary" for "Not later than the expiration of the 90-day period
beginning on November 28, 1990, the Secretary" in second sentence.
1990 - Pub. L. 101-625 designated existing provisions as subsec.
(a), inserted heading, and added subsecs. (b) to (d).
1976 - Pub. L. 94-205 provided that in addition to amounts
required for the payment of taxes, insurance premiums, and other
charges due at settlement, the buyer could not be required at
settlement to place into an escrow account more than one-sixth of
the estimated total amount of such taxes, insurance premiums, and
other charges payable within a twelve month period beginning on the
date of settlement, but the buyer could be required to make monthly
payments into an escrow account sufficient to maintain a surplus of
one-sixth of the estimated total amount payable in the coming
twelve month period.
EFFECTIVE DATE OF 1976 AMENDMENT
Amendment by Pub. L. 94-205 effective Jan. 2, 1976, see section
12 of Pub. L. 94-205, set out as a note under section 2602 of this
title.
(!1) So in original. Probably should be subsection "(c)".