
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC3761]

 
                       TITLE 12--BANKS AND BANKING
 
             CHAPTER 38A--SINGLE FAMILY MORTGAGE FORECLOSURE
 
Sec. 3761. Foreclosure costs

    The following foreclosure costs shall be paid from the sale proceeds 
before satisfaction of any other claim to such sale proceeds:

                     (1) Advertising and postage

        Necessary advertising costs and postage incurred in giving 
    notice pursuant to sections 3758 and 3760 of this title.

                             (2) Mileage

        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.

                      (3) Title and lien search

        Reasonable and necessary costs incurred in connection with any 
    search of title and lien records.

                        (4) Recordation fees

        Costs incurred to record documents.

                           (5) Commission

        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.

(Pub. L. 103-327, title II, Sept. 28, 1994, 108 Stat. 2316.)

                          Codification

    Section is based on section 812 of title VIII of S. 2281, One 
Hundred Third Congress, as reported July 13, 1994, which was enacted 
into law by Pub. L. 103-327.

                  Section Referred to in Other Sections

    This section is referred to in sections 3759, 3760, 3762 of this 
title.
