58-2339. Same; annual summary of escrow account to be provided mortgagor by purchasing lender.

58-2339

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 23.--MORTGAGES OF REAL PROPERTY

      58-2339.   Same; annual summary of escrow account to be providedmortgagor by purchasing lender.Each purchasing lender requiring an escrow account shall provide tothe mortgagor an annual summary of all transactions of such escrow accounton or before February 15. The summary shall include the amount of eachtransaction and the purpose for which the money was spent.

      History:   L. 1988, ch. 57, § 3; July 1.