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House Bill 1365


 

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House Bill 1365

ARCHIVE (2003)

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DIGEST OF HB1365 (Updated April 21, 2003 3:21 PM - DI 84)

Equitable subrogation. Provides that a mortgagee may not be denied equitable subrogation of a lien solely because the: (1) mortgagee is a lending institution that had constructive notice of the lien; (2) higher priority lien was released; or (3) mortgagee had title insurance. Excludes municipal sewer liens and mechanic's liens from equitable subrogation.
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 Law Enacted
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