S704 - COVID-19 Recovery Act . (SL 2020-3)

Overview: Section 4.12 of S.L. 2020-3 allows disbursement of closing funds prior to the recordation of deeds, deeds of trust, and other loan documents if certain conditions are met.

Section 4.12 of S.L. 2020-3 became effective May 4, 2020, and expired August 1, 2020.

Section 4.12(b) of S.L. 2020-3, as enacted by S.L. 2020-80, Section 2.8, changes the expiration date from August 1, 2020 to March 1, 2021.