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§ 406. Attorney's fees payable

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 41 P.S. Interest

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 41 P.S. Interest (Refs & Annos)
Maximum Interest Rates (Refs & Annos)
Article IV. Protective Provisions
41 P.S. § 406
§ 406. Attorney's fees payable
Currentness
With regard to residential mortgages, no residential mortgage lender shall contract for or receive attorney's fees from a residential mortgage debtor except as follows:
(1) Reasonable fees for services included in actual settlement costs.
(2) Upon commencement of foreclosure or other legal action with respect to a residential mortgage, attorney's fees which are reasonable and actually incurred by the residential mortgage lender may be charged to the residential mortgage debtor.
(3) Prior to commencement of foreclosure or other legal action attorneys' fees which are reasonable and actually incurred not in excess of fifty dollars ($50) provided that no attorneys' fees may be charged for legal expenses incurred prior to or during the thirty-day notice period provided in section 403 of this act.

Credits

1974, Jan. 30, P.L. 13, No. 6, § 406, imd. effective.
41 P.S. § 406, PA ST 41 P.S. § 406
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document