HB1045 (CH0634)

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

Real Property - Lien Priority of Refinance Mortgages - Escrow Costs

Sponsored by:

Delegate Arora

Status:

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
Committee(s):
Environmental Matters   View Committee HearingJudicial Proceedings   View Committee Hearing
Broad Subject(s):Real Property
Narrow Subject(s):Escrow Accounts
Liens -see also- Mechanics' Liens
Mortgages
Real Property
Recordation
Statutes:

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:52 P.M.