Annual Statements to Mortgagor; Exceptions to Furnishing.

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Sec. 2.

The annual statement specified in section 1 is not required where the mortgagor is provided with a monthly billing form or mortgagor passbook either of which provides the escrow fund balance and record of expenditures for taxes.

History: 1966, Act 125, Eff. Mar. 10, 1967


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