15 USC § 1639f - Requirements for prompt crediting of home loan payments

---
identifier: "/us/usc/t15/s1639f"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 1639f - Requirements for prompt crediting of home loan payments"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "1639f"
section_name: "Requirements for prompt crediting of home loan payments"
chapter_number: 41
chapter_name: "CONSUMER CREDIT PROTECTION"
subchapter_number: "I"
subchapter_name: "CONSUMER CREDIT COST DISCLOSURE"
part_number: "B"
part_name: "Credit Transactions"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 90–321, title I, § 129F, as added Pub. L. 111–203, title XIV, § 1464(a), July 21, 2010, 124 Stat. 2184.)"
---


# § 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).

**(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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**Source Credit**: (Pub. L. 90–321, title I, § 129F, as added Pub. L. 111–203, title XIV, § 1464(a), July 21, 2010, 124 Stat. 2184.)

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective on the date on which final regulations implementing such section take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see , set out as an Effective Date of 2010 Amendment note under .