California Business and Professions Code

§ 11423

BPC § 11423 Effective Jan 1, 1994Div. 4 · Part 3 · Ch. 9

Statute text

(a)For purposes of this section:

(1)“Applicant” means a person who has made a written request for an extension of credit which is proposed to be secured by real property. The term does not include a guarantor, surety, or other person who will not be directly liable on the loan.

(2)“Appraisal” shall have the same meaning as set forth in subdivision (b) of Section 11302.

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Legislative history

Amended by Stats. 1993, Ch. 343, Sec. 1. Effective January 1, 1994.