Requiring a reverse mortgage lender to establish an escrow account for the payment of property taxes and insurance; requiring the escrow account to be established in accordance with specified provisions of law; requiring the escrow account to allow for monthly collection and deposit of funds; and applying the Act prospectively.
Bill File Type: Regular
Effective Date(s): October 1, 2016
|Date Posted||Document Name|
|2/09/2016||Text - First - Commercial Law - Reverse Mortgages - Escrow Accounts|
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Last Updated: 2/3/2020 2:30 PM