California § 1488. 1488. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1488. — 1488. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1488.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 14.CHAPTER 14. Loans and Investments

Art. 3.ARTICLE 3. Loan Limits

This text of California § 1488. (1488. (Added by Stats. 2011, Ch. 243, Sec. 3.)) 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. Financial Code - FIN Code § 1488. (2026).

Text

The provisions of any deed of trust or mortgage on real property which authorize any state or nationally chartered bank to receive and control the disbursement of the proceeds of any policy of fire, flood, or other hazard insurance respecting the real property shall be enforceable whether or not an impairment of the security interest in the property has resulted from the event that caused the proceeds of the insurance policy to become payable.

Free access — add to your briefcase to read the full text and ask questions with AI

The provisions of any deed of trust or mortgage on real property which authorize any state or nationally chartered bank to receive and control the disbursement of the proceeds of any policy of fire, flood, or other hazard insurance respecting the real property shall be enforceable whether or not an impairment of the security interest in the property has resulted from the event that caused the proceeds of the insurance policy to become payable.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

California § 1488., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1488..