Legislation

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.

Committees

Original:: Finance Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): October 1, 2016

History

Legislation History
Chamber Senate Calendar Date 2/08/2016 Legislative Date 2/05/2016 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 2/10/2016 Legislative Date 2/10/2016 Action Hearing 3/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/08/2016	2/05/2016	First Reading Finance
Senate	2/10/2016	2/10/2016	Hearing 3/08 at 1:00 p.m.

Documents

Date Posted	Document Name
2/09/2016	Text - First - Commercial Law - Reverse Mortgages - Escrow Accounts

File Code

Subjects

Statutes