Establishing that a certain provision of law authorizing a mortgagor or grantor to refinance the indebtedness secured by a first mortgage or deed of trust without obtaining permission from the holder of a certain junior lien does not apply to a junior lien securing a loan made by a state or local government agency with a 0% interest rate; and providing for the prospective application of the Act.
Bill File Type: Regular
Effective Date(s): June 1, 2020
By Request of the Governor
( 7-112 )
Last Updated: 9/22/2020 1:44 PM