California Court of Appeal

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WASHINGTON MUTUAL BANK v. SUPERIOR COURT OF LOS ANGELES COUNTY (GUILFORD), B151669

Civil Code section 2948.5 does not prohibit a lender from charging interest on a home loan prior to the close of escrow in those instances where the lender deposits the loan proceeds into escrow by wire or electronic transfer.

Appellate Information

  • Decided 01/24/2002
  • Published 01/24/2002

Judges

  • BOREN, P.J.

Court

  • California Court of Appeal

Counsel

  • For Appellant:
  •  Stroock & Stroock & Lavan, Julia B. Strickland, Lisa M. Simonetti, Los Angeles, and JiAe Kim, for Petitioner., Lieff, Cabraser, Heimann & Bernstein, William B. Hirsch, Barry R. Himmelstein, David L. Fiol, Girard & Green, Robert S. Green, San Francisco, Gordon M. Fauth, Jr. and Rosemary M. Rivas, Newark, for Real Parties in Interest.

  • For Appellees:
  • No appearance for Respondent.
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