California Civil Code

§ 2953.2

CIV § 2953.2Div. 3 · Title 14 · Part 4 · Ch. 2 · Art. 2

Statute text

Every real property security instrument which contains or has attached a subordination clause shall contain:

(a)At the top of the real property security instrument there shall appear in at least 10-point bold type, or, if typewritten, in capital letters and underlined, the word “Subordinated” followed by a description of the type of security instrument.

(b)A notice in at least eight-point bold type, or, if typewritten, in capital letters, shall appear immediately below the legend required by subdivision (a) of this section reading as follows: “Notice: This (insert description of real property security instrument) contains a subordination clause which may result in your security interest in the property becoming subject to and of lower priority than the lien of some other or later security instrument.”

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Legislative history

Added by Stats. 1963, Ch. 1861.