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S04327 Summary:
| BILL NO | S04327 |
| SAME AS | SAME AS A08286 |
| SPONSOR | BONACIC |
| COSPNSR | |
| MLTSPNSR | |
| Amd SS2402, 2405, 2405-b & 2428, Pub Auth L | |
| Provides that the term "mortgage" shall also include a loan owed to a bank secured by a second lien on a fee simple or leasehold estate in real property located in the state and improved by a residential structure, whether or not insured or guaranteed by the United States of America or any agency thereof, provided, however, that such second lien secures a loan purchased by the agency and is made at the same time as a first lien securing a loan purchased by the agency. | |