Sec. 129F. Requirements for prompt crediting of home loan payments
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## § 129F Requirements for prompt crediting of home loan payments **[**[15 U.S.C. 1639f](/us/usc/t15/s1639f)**]** ###
(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). ###
(b)Exception If a servicer specifies in writing requirements for the consumer to follow in making payments, but accepts a payment that does not conform to the requirements, the servicer shall credit the payment as of 5 days after receipt.
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Sec. 129F
Requirements for prompt crediting of home loan payments
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