Nonpartisan civic infrastructure
AllCiv·Legis1
·

12 U.S.C. § 3711

U.S. CodeFederal
Foreclosure costs
About This Law
/us/usc/t12/s3711
Title
12 — Banks and Banking
Chapter
CH38
Release
119-84
Release Date
2026-04-17

Section Text

Highlight any text to annotate
The following foreclosure costs shall be paid from the sale proceeds prior to satisfaction of any other claim to such sale proceeds:(1) necessary advertising costs and postage incurred in giving notice pursuant to sections 3708 and 3710 of this title; (2) mileage for posting notices and for the foreclosure commissioner’s attendance at the sale at the rate provided in section 1921 of title 28 for mileage by the most reasonable road distance; (3) reasonable and necessary costs actually incurred in connection with any necessary search of title and lien records; (4) necessary out-of-pocket costs incurred by the foreclosure commissioner to record documents; and (5) a commission for the foreclosure commissioner for the conduct of the foreclosure to the extent authorized by regulations issued by the Secretary. (Pub. L. 97–35, title III, § 369C, Aug. 13, 1981, 95 Stat. 429.)

Take Action

Your position
Add a comment
to comment on this section.
Annotate the text
Highlight any passage on the Full Text tab to attach a note. Annotations appear on the Annotations tab.