Altering the interest rate payable by specified lending institutions on escrow accounts created in connection with loans secured by a first mortgage or first deed of trust on residential real property; altering the interest rate payable by specified banking institutions on interest bearing accounts instituted for a specific purpose; and applying the Act retroactively to escrow accounts and savings accounts in existence on or after January 1, 2014.
Bill File Type: Regular
Effective Date(s): June 1, 2014
( 12-1026, 12-109 )
( 1-101, 5-302 )
Last Updated: 2/3/2020 2:29 PM