Requirements for prompt crediting of home loan payments

15 U.S. Code § 1639f. Requirements for prompt crediting of home loan payments

(a) In general
In connection with a consumer credit transaction secured by a consumer’s principal dwelling, no servicer shall fail to credit a payment to the consumer’s loan account as of the date of receipt, except when a delay in crediting does not result in any charge to the consumer or in the reporting of negative information to a consumer reporting agency, except as required in subsection (b).
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