Cal. Civ. Code § 2924.15 : Lien — California Civil Code — Obligations — Mortgage — Mortgages In General — First lien mortgages or deeds of trust secured by owner-occupied residential real property

Current through 2015 Legislative Session

(a) Unless otherwise provided, Sections 2923.5, 2923.7, and 2924.11 shall apply only to first lien mortgages or deeds of trust that are secured by owner-occupied residential real property containing no more than four dwelling units. For these purposes, "owner-occupied" means that the property is the principal residence of the borrower and is security for a loan made for personal, family, or household purposes.

(b) This section shall become operative on January 1, 2018.

Cal. Civ. Code § 2924.15

Added by Stats 2012 ch 87 (SB 900),s 19, eff. 1/1/2013.

Added by Stats 2012 ch 86 (AB 278),s 19, eff. 1/1/2013.