5647.E AMH RYUC PAME 298

ESB 5647 - H AMD TO CB COMM AMD (H-2568.1/17) 533

By Representative Ryu

ADOPTED 04/12/2017

     On page 2, on line 22 of the striking amendment, after "also" strike "secondary in rank to" insert "subordinate to the first deed of trust or the first mortgage on the real property but has priority over all other"

EFFECT:   Makes a lien associated with the home rehabilitation loan program subordinate to liens for general taxes and the first mortgage or deed of trust on the real property, but prioritizes the home rehabilitation loan lien over all other liens, encumbrances, and security interests on the property. 

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