§ 802 Reservist Mortgage Impound Payments

Military and Veterans Code·California

AI SummaryVerified

This law says reservists with mortgages must keep paying into their impound account for taxes and insurance, unless they and their lender agree to pay less.

Key Takeaways

•Reservists must keep paying into their impound account for taxes and insurance.
•They can only pay less if their lender agrees.
•This rule applies even if they are called to active duty.

Example

A reservist has a mortgage with an impound account for property taxes and insurance.

They must keep making monthly payments to cover these costs, unless they and their bank agree to a lower amount.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 802 Reservist Mortgage Impound Payments

Nothing in this chapter relieves a reservist with a mortgage subject to an impound account for the payment of property taxes, special assessments, mortgage insurance, and hazard insurance from making monthly payments of an amount which is at least sufficient to pay these amounts, unless the borrower and lender agree to a lesser amount. (Amended by Stats. 2022, Ch. 620, Sec. 9. (SB 1311) Effective January 1, 2023.)

Last verified: January 11, 2026

Key Terms

reservist mortgage impound account property taxes special assessments mortgage insurance hazard insurance monthly payments borrower and lender agree

References

Official text at leginfo.legislature.ca.gov
California Legislature. Military and Veterans Code. Section 802.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References