Ca_Law

statute | California

Civil Code - CIV - CIV § 8456

  • UIDca_leginfo_codes:civ-8456
  • CitationCivil Code - CIV - CIV § 8456
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) This section applies to a construction loan secured by a mortgage or deed of trust that has priority over a lien under this chapter. (b) An optional advance of funds by the construction lender that is used for construction costs has the same priority as a mandatory advance of

Text

(a)
This section applies to a construction loan secured by a mortgage or deed of trust that has priority over a lien under this chapter.
(b)
An optional advance of funds by the construction lender that is used for construction costs has the same priority as a mandatory advance of funds by the construction lender, provided that the total
of all advances does not exceed the amount of the original construction loan.

Retrieval chunks

  • #1 | Civil Code - CIV - CIV § 8456

    (a) This section applies to a construction loan secured by a mortgage or deed of trust that has priority over a lien under this chapter. (b) An optional advance of funds by the construction lender that is used for construction costs has the same priority as a mandatory advance of funds by the construction lender, p…