California Statutes
§ 12357. — 12357. (Amended by Stats. 1937, Ch. 732.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 6. PART 6. INSURANCE COVERING LAND·Ch. 1. CHAPTER 1. Title Insurance·Art. 2. ARTICLE 2. Title Insurers; Capital and Guarantee Fund Requirements
Unless the mortgage is covered by mortgage insurance, the value of the property covered by each such mortgage constituting all or part of such deposit in this State shall be appraised by one or more appraisers selected or approved by the commissioner. The appraisers shall be familiar with property values of the particular type of property and generally in the region in which the property or some part thereof is situated.
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California § 12357. (12357. (Amended by Stats. 1937, Ch. 732.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1937, Ch. 732.