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Senate Bill 0202


 

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Senate Bill 0202

ARCHIVE (2003)

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DIGEST OF SB202 (Updated April 24, 2003 10:48 AM - DI 84)

Equitable subrogation and liens. Provides that a mortgagee may not be denied equitable subrogation solely because the mortgagee is a lender and had constructive notice of the intervening lien, the lien was released, or the mortgagee obtained title insurance. Provides that a contract to prepare property for Class 2 residential construction may include a provision that a lien may not attach to the real estate or building of the owner.
    Current Status:
     Law Enacted
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