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To print this article, all you need is to be registered or login on Mondaq.com. (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 ....