---
kind: "section"
citation: "15 U.S.C. § 1639f"
title: "15"
title_heading: "Commerce and Trade"
number: "1639f"
heading: "Requirements for prompt crediting of home loan payments"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/1639f"
units:
  - "Chapter 41 — Consumer Credit Protection"
  - "Subchapter I — Consumer Credit Cost Disclosure"
  - "Part B — Credit Transactions"
---

# §1639f. Requirements for prompt crediting of home loan payments

- (a) **In general—** In connection with a [consumer](/usc/15/1681a.md?p=c) [credit](/usc/15/1602.md?p=f) transaction secured by a [consumer](/usc/15/1681a.md?p=c)’s principal [dwelling](/usc/15/1602.md?p=w), no [servicer](/usc/15/1602.md?p=dd-7) shall fail to [credit](/usc/15/1602.md?p=f) a payment to the [consumer](/usc/15/1681a.md?p=c)’s loan [account](/usc/15/1681a.md?p=r-4) as of the date of receipt, except when a delay in crediting does not result in any charge to the [consumer](/usc/15/1681a.md?p=c) or in the reporting of negative information to a [consumer reporting agency](/usc/15/1681a.md?p=f), except as required in [subsection (b)](#b).
- (b) **Exception—** If a [servicer](/usc/15/1602.md?p=dd-7) specifies in writing requirements for the [consumer](/usc/15/1681a.md?p=c) to follow in making payments, but accepts a payment that does not conform to the requirements, the [servicer](/usc/15/1602.md?p=dd-7) shall [credit](/usc/15/1602.md?p=f) the payment as of 5 days after receipt.

## 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.)

## Notes

### 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 section 1400(c) of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 1601 of this title.