California Civil Code

§ 2924k

CIV § 2924k Effective Jan 1, 2000Div. 3 · Title 14 · Part 4 · Ch. 2 · Art. 1

Statute text

(a)The trustee, or the clerk of the court upon order to the clerk pursuant to subdivision (d) of Section 2924j, shall distribute the proceeds, or a portion of the proceeds, as the case may be, of the trustee’s sale conducted pursuant to Section 2924h in the following order of priority:

(1)To the costs and expenses of exercising the power of sale and of sale, including the payment of the trustee’s fees and attorney’s fees permitted pursuant to subdivision (b) of Section 2924d and subdivision (b) of this section.

(2)To the payment of the obligations secured by the deed of trust or mortgage which is the subject of the trustee’s sale.

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Legislative history

Amended by Stats. 1999, Ch. 974, Sec. 12. Effective January 1, 2000.