California § 2953.5. 2953.5. (Added by Stats. 1963, Ch. 1861.)

California Statutes

§ 2953.5. — 2953.5. (Added by Stats. 1963, Ch. 1861.)

California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 14.·Part 4. TITLE 14. LIEN·Ch. 2. CHAPTER 2. Mortgage·Art. 2. ARTICLE 2. Mortgage of Real Property

(a)Sections 2953.1 through 2953.4 shall not apply to any subordination clause or subordination agreement which expressly states that the subordinating loan shall exceed twenty-five thousand dollars ($25,000).

(b)Sections 2953.1 through 2953.4 shall not apply to any subordination clause or subordination agreement which is executed in connection with a loan which exceeds twenty-five thousand dollars ($25,000).

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(a)
Sections 2953.1 through 2953.4 shall not apply to any subordination clause or subordination agreement which expressly states that the subordinating loan shall exceed twenty-five thousand dollars ($25,000).
(b)
Sections 2953.1 through 2953.4 shall not apply to any subordination clause or subordination agreement which is executed in connection with a loan which exceeds twenty-five thousand dollars ($25,000).

California § 2953.5. (2953.5. (Added by Stats. 1963, Ch. 1861.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.