Section 952. Definitions

When used in this title:
    1.  "Mortgage  investing  institution"  means any bank, trust company,
  national bank, savings  bank,  savings  and  loan  association,  federal
  savings  bank,  federal  savings  and  loan association, private banker,
  credit union, federal credit union, investment  company,  pension  fund,
  licensed  mortgage  banker  or  any  other entity which maintains a real
  property tax escrow account for real property located in this state.
    2. "Mortgagor" means a person having title to and occupying a  one  to
  six  family residence which is located in this state and is subject to a
  mortgage.
    2-a. "Non-mortgagor" means a person having title to  and  occupying  a
  one  to  six  family residence which is located in this state and is not
  subject to a mortgage.
    3. "Real property tax escrow account" means an account established  by
  contract  between  a mortgagor of real property improved by a one to six
  family  residence  and  the  mortgage  investing  institution  having  a
  mortgage  thereon,  into  which the mortgage investing institution shall
  deposit money collected from the mortgagor for  the  purpose  of  paying
  taxes.
    4.  "One  to  six  family residence" means property used primarily for
  residential purposes for one to six families, including property held in
  condominium form of ownership, and which is occupied in whole or in part
  by the owner.
    5. "Tax" or "taxes" means a charge imposed upon real property by or on
  behalf of a county, city, town, village or school district for municipal
  or school district  purposes,  including  a  special  ad  valorem  levy,
  special assessment or any similar charge.