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Heidi, Home Buyer in Sylmar, CA

Impound Interest IN CA

Asked by Heidi, Sylmar, CA Mon Oct 24, 2011

I have my loan moved around a few times as banks went belly up during the financial crisis but I also got interest on my impound funds. Now I refied and that company later on sold my loan I guess and this new servicer based in Michigan is saying they don't give interest in impounds. Though I thought there was a CA law saying that they had to. If I am correct, what should I do?

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3
Web Reference: http://www.umboc.com
1 vote Thank Flag Link Mon Oct 24, 2011
If there is a law saying that it would be here:

http://www.leginfo.ca.gov/calaw.html
0 votes Thank Flag Link Tue Oct 25, 2011
Find out the laws regarding this issue and act accordingly! City Hall & the Banks have something in common...
Web Reference: http://www.TonyLewis.com
0 votes Thank Flag Link Mon Oct 24, 2011
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