Including escrow costs in a specified calculation to determine whether a refinance mortgage shall have, on recordation, the same lien priority as the first mortgage or deed of trust that the refinance mortgage replaces; defining "escrow costs" to mean money to pay specified costs associated with the real property secured by a refinance mortgage that a lender requires to be collected at closing and held in escrow; and applying the Act prospectively.
Bill File Type: Regular
Effective Date(s): October 1, 2014
( 7-112 )
Last Updated: 2/3/2020 2:29 PM