Sec.49-2b-3. Payment of interest upon final repayment of mortgage  


Latest version.
  • If the mortgage debt is paid prior to December thirty-first, the mortgagee shall promptly pay to the mortgagor any interest remaining as a credit to the escrow account of the mortgagor, computed to the date of final repayment of the mortgage debt.

(Adopted effective March 30, 2007)