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(Civil Code Section 2954.8
Does Not Require a Lender to Pay Interest on Insurance Proceeds
Held in Escrow For Payment of Repairs For Damage Sustained by Home
Covered by Property Insurance)
(April 2021) - In
Gray v. Quicken
Loans, Inc., 61 Cal.App.5th 524 (March 2, 2021), the
California Second District Court of Appeal affirmed the trial
court s order dismissing a class action pursuant to a
demurrer filed by Quicken Loans, Inc. (“Quicken”). The
class action filed by William Gray argued that pursuant to
California Civil Code section 2954.8, Quicken was obligated to pay