HB1045 (CH0634)

Find a 2014 Bill:

2014 Regular Session



Real Property - Lien Priority of Refinance Mortgages - Escrow Costs

Sponsored by:

Delegate Arora


Approved by the Governor - Chapter 634

Synopsis: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.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegate Arora
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2014
Environmental Matters   View Committee HearingJudicial Proceedings   View Committee Hearing
Broad Subject(s):Real Property
Narrow Subject(s):Escrow Accounts
Liens -see also- Mechanics' Liens
Real Property

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Explanation of Floor Motions and Actions

October 24, 2017 1:52 P.M.