12 U.S.C. § 2614 — Jurisdiction of courts; limitations

Page 1456 TITLE 12—BANKS AND BANKING §§ 2611 to 2613 §§ 2611 to 2613. Repealed. Pub. L. 104–208, div. A, title II, § 2103(h), Sept. 30, 1996, 110 Stat. 3009–401 Section 2611, Pub. L. 93–533, § 13, Dec. 22, 1974, 88 Stat. 1730, related to establishment of land parcel recorda- tion system on demonstration basis. Section 2612, Pub. L. 93–533, § 14, Dec. 22, 1974, 88 Stat. 1730, directed Secretary of Housing and Urban Develop- ment to report on necessity for further legislation in- volving real estate settlements. Section 2613, Pub. L. 93–533, § 15, Dec. 22, 1974, 88 Stat. 1730, directed Secretary of Housing and Urban Develop- ment to determine, and report to Congress on, feasi- bility of including statements of settlement costs in special information booklets. § 2614. Jurisdiction of courts; limitations Any action pursuant to the provisions of sec- tion 2605, 2607, or 2608 of this title may be brought in the United States district court or in any other court of competent jurisdiction, for the district in which the property involved is lo- cated, or where the violation is alleged to have occurred, within 3 years in the case of a viola- tion of section 2605 of this title and 1 year in the case of a violation of section 2607 or 2608 of this title from the date of the occurrence of the vio- lation, except that actions brought by the Bu- reau, the Secretary, the Attorney General of any State, or the insurance commissioner of any State may be brought within 3 years from the date of the occurrence of the violation. (Pub. L. 93–533, § 16, Dec. 22, 1974, 88 Stat. 1731; Pub. L. 98–181, title I [title IV, § 461(d)], Nov. 30, 1983, 97 Stat. 1232; Pub. L. 104–208, div. A, title II, § 2103(e), Sept. 30, 1996, 110 Stat. 3009–400; Pub. L. 111–203, title X, § 1098(9), July 21, 2010, 124 Stat. 2104.) Editorial Notes AMENDMENTS 2010—Pub. L. 111–203 inserted ‘‘the Bureau,’’ before ‘‘the Secretary’’. 1996—Pub. L. 104–208 substituted ‘‘section 2605, 2607, or 2608 of this title’’ for ‘‘section 2607 or 2608 of this title’’ and ‘‘within 3 years in the case of a violation of section 2605 of this title and 1 year in the case of a violation of section 2607 or 2608 of this title’’ for ‘‘within one year’’. 1983—Pub. L. 98–181 amended section generally, strik- ing out a reference to section 2605 of this title, and in- serting provision allowing action in district where vio- lation is alleged to have occurred, and provision relat- ing to time limitations in actions brought by the Sec- retary, the Attorney General of any State, or the insur- ance commissioner of any State. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111–203 effective on the des- ignated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees. EFFECTIVE DATE OF 1983 AMENDMENT Amendment by Pub. L. 98–181 effective Jan. 1, 1984, see section 461(f) of Pub. L. 98–181, set out as a note under section 2602 of this title. EFFECTIVE DATE Section effective 180 days after Dec. 22, 1974, see sec- tion 20 of Pub. L. 93–533, set out as a note under section 2601 of this title. § 2615. Contracts and liens; validity Nothing in this chapter shall affect the valid- ity or enforceability of any sale or contract for the sale of real property or any loan, loan agree- ment, mortgage, or lien made or arising in con- nection with a federally related mortgage loan. (Pub. L. 93–533, § 17, Dec. 22, 1974, 88 Stat. 1731.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective 180 days after Dec. 22, 1974, see sec- tion 20 of Pub. L. 93–533, set out as a note under section 2601 of this title. § 2616. State laws unaffected; inconsistent Fed- eral and State provisions This chapter does not annul, alter, or affect, or exempt any person subject to the provisions of this chapter from complying with, the laws of any State with respect to settlement practices, except to the extent that those laws are incon- sistent with any provision of this chapter, and then only to the extent of the inconsistency. The Bureau is authorized to determine whether such inconsistencies exist. The Bureau may not determine that any State law is inconsistent with any provision of this chapter if the Bureau determines that such law gives greater protec- tion to the consumer. In making these deter- minations the Bureau shall consult with the ap- propriate Federal agencies. (Pub. L. 93–533, § 18, Dec. 22, 1974, 88 Stat. 1731; Pub. L. 94–205, § 9, Jan. 2, 1976, 89 Stat. 1159; Pub. L. 111–203, title X, § 1098(10), July 21, 2010, 124 Stat. 2104.) Editorial Notes AMENDMENTS 2010—Pub. L. 111–203 substituted ‘‘Bureau’’ for ‘‘Sec- retary’’ wherever appearing. 1976—Pub. L. 94–205 struck out ‘‘(a)’’ before ‘‘This chapter’’ and struck out subsec. (b) which provided for Federal protection against liability for acts done or omitted in good faith in accordance with the rules, reg- ulations, or interpretations issued by the Secretary. See section 2617 (b) of this title. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111–203 effective on the des- ignated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees. 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. EFFECTIVE DATE Section effective 180 days after Dec. 22, 1974, see sec- tion 20 of Pub. L. 93–533, set out as a note under section 2601 of this title. § 2617. Authority of Bureau (a) Issuance of regulations; exemptions The Bureau is authorized to prescribe such rules and regulations, to make such interpreta-