12 U.S.C. § 3761
Foreclosure costs
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 3761, Foreclosure costs, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438594
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Full text
The following foreclosure costs shall be paid from the sale proceeds before satisfaction of any other claim to such sale proceeds:
Necessary advertising costs and postage incurred in giving notice pursuant to sections 3758 and 3760 of this title.
Mileage (determined by the most reasonable road distance) for posting notices and for the foreclosure commissioner’s or auctioneer’s attendance at the sale, as provided in section 1821 of title 28.
Reasonable and necessary costs incurred in connection with any search of title and lien records.
Costs incurred to record documents.
A commission for the foreclosure commissioner (if the foreclosure commissioner is not an employee of the United States) for the conduct of the foreclosure, to the extent such a commission is authorized by the Secretary.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Departments of Veterans Affairs and Housing and Urban Development, andIndependent Agencies Appropriations Act, 1995