The following errata for CentOS-2 have been built and uploaded to the centos mirror:

RHBA-2005:833-2 emacs bug fix update

Files available:
emacs-20.7-41.3.i386.rpm
emacs-el-20.7-41.3.i386.rpm
emacs-leim-20.7-41.3.i386.rpm
emacs-nox-20.7-41.3.i386.rpm
emacs-X11-20.7-41.3.i386.rpm

More details are available from the RedHat web site at
https://rhn.redhat.com/errata/rh21as-errata.html

The easy way to make sure you are up to date with all the latest patches is to run:
# yum update