California Civil Code

§ 2953.3

CIV § 2953.3Div. 3 · Title 14 · Part 4 · Ch. 2 · Art. 2

Statute text

Every subordination agreement shall contain:

(a)At the top of the subordination agreement there shall appear in at least 10-point bold type, or, if typewritten, in capital letters and underlined, the words “Subordination Agreement.”

(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 subordination agreement (“may result” or “results” as appropriate) 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.