Sections
5 entriesSection 890Defines “rent skimming” as specified use of first-year rental revenue without first applying it to encumbering mortgage or deed-of-trust payments, or unauthorized…Section 891Allows sellers, secured lenders, and tenants affected by rent skimming to sue for damages, fees, costs, and equitable relief; mandatory exemplary damages…Section 892Sets penalties for the fifth and each later rent-skimming act: imprisonment under the referenced Penal Code provision or up to one year…Section 893Establishes an affirmative defense for a natural person accused of rent skimming who, within 30 days of receiving rent, used unpaid mortgage…Section 894Establishes severability for the title: if any provision, or its application to a person or circumstance, is held unconstitutional, the rest of…