21 Pa. Stat. § 705

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 705 - Notice requirement

A bank, savings bank, savings and loan association or other lending institution holding a residential mortgage shall send written notification by first class mail to the mortgagor when the mortgage has been fully paid. Any moneys remaining in any escrow account established for the payment of taxes or insurance premiums shall be returned within 30 days to the mortgagor.

21 P.S. § 705

1986, May 9, P.L. 165, No. 53, § 1, effective in 60 days.