California Civil Code

§ 2929.5

CIV § 2929.5 Effective Jan 1, 2013Div. 3 · Title 14 · Part 4 · Ch. 2 · Art. 1

Statute text

(a)A secured lender may enter and inspect the real property security for the purpose of determining the existence, location, nature, and magnitude of any past or present release or threatened release of any hazardous substance into, onto, beneath, or from the real property security on either of the following:

(1)Upon reasonable belief of the existence of a past or present release or threatened release of any hazardous substance into, onto, beneath, or from the real property security not previously disclosed in writing to the secured lender in conjunction with the making, renewal, or modification of a loan, extension of credit, guaranty, or other obligation involving the borrower.

(2)After the commencement of nonjudicial or judicial foreclosure proceedings against the real property security.

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Legislative history

Amended by Stats. 2012, Ch. 181, Sec. 40. (AB 806) Effective January 1, 2013. Operative January 1, 2014, by Sec. 86 of Ch. 181.