California Statutes
§ 10231.1. — 10231.1. (Amended by Stats. 1998, Ch. 641, Sec. 4.)
California § 10231.1.
JurisdictionCalifornia
Code BPCBusiness and Professions Code - BPC
Div. 4.DIVISION 4. REAL ESTATE
Part 1.PART 1. LICENSING OF PERSONS
Ch. 3.CHAPTER 3. Real Estate Regulations
Art. 5.ARTICLE 5. Transactions in Trust Deeds and Real Property Sales Contracts
This text of California § 10231.1. (10231.1. (Amended by Stats. 1998, Ch. 641, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Business and Professions Code - BPC Code § 10231.1. (2026).
Text
No person in doing any of the acts set forth in subdivision (d) of Section 10131, subdivision (e) of Section 10131, and Section 10131.1 shall, as agent or principal, retain funds payable according to the terms of a promissory note or real property sales contract secured directly or collaterally by a lien on real property, for a period longer than 25 days, except pursuant to a written agreement with the purchaser or lender.
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Legislative History
Amended by Stats. 1998, Ch. 641, Sec. 4. Effective January 1, 1999.
Nearby Sections
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Bluebook (online)
California § 10231.1., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/BPC/10231.1..