California Statutes
§ 1923.3. — 1923.3. (Added by Stats. 1997, Ch. 797, Sec. 1.)
California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 4.·Part 4. TITLE 4. LOAN·Ch. 8. CHAPTER 8. Reverse Mortgages
A reverse mortgage shall constitute a lien against the subject property to the extent of all advances made pursuant to the reverse mortgage and all interest accrued on these advances, and that lien shall have priority over any lien filed or recorded after recordation of a reverse mortgage loan.
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California § 1923.3. (1923.3. (Added by Stats. 1997, Ch. 797, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1997, Ch. 797, Sec. 1. Effective January 1, 1998.