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AB 2291

  • California Assembly Bill
  • 2009-2010 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Mortgages: impound accounts.

Abstract

Under existing law, financial institutions that make specified mortgage loans are required to pay at least 2% interest on amounts received in advance for payment of taxes and assessments on the property, insurance, or other purposes related to the property. This bill would specify that these purposes include insurance proceeds received by the lender for payment for repairs or rebuilding of the property after a catastrophic loss.

Bill Sponsors (1)

Fletcher

Author

Votes


No votes to display

Actions


Nov 30, 2010

Assembly

From committee without further action.

Mar 11, 2010

Assembly

Referred to Com. on B. & F.

  • Referral-Committee
Com. on B. & F.

Feb 21, 2010

Assembly

From printer. May be heard in committee March 23.

Feb 18, 2010

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB2291 HTML
02/18/10 - Introduced PDF

Related Documents

Document Format
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Sources

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