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12 U.S.C. § 4907

Civil liability

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 4907, Civil liability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438871
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Full text

Any servicer, mortgagee, or mortgage insurer that violates a provision of this chapter shall be liable to each mortgagor to whom the violation relates for— in the case of— in the case of a class action— No action may be brought by a mortgagor under subsection (a) later than 2 years after the date of the discovery of the violation that is the subject of the action. With respect to a residential mortgage transaction, the failure of a servicer to comply with the requirements of this chapter due to the failure of a mortgage insurer or a mortgagee to comply with the requirements of this chapter, shall not be construed to be a violation of this chapter by the servicer. Nothing in paragraph (1) shall be construed to impose any additional requirement or liability on a mortgage insurer, a mortgagee, or a holder of a residential mortgage.

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.

  • Enacted byPub. L. 105-216(S. 318)1998-07-29
    Homeowners Protection Act of 1998
    House: no recorded tallySenate: no recorded tally