California Civil Code

§ 3273.21

CIV § 3273.21 Effective Sep 22, 2025Div. 3 · Title 19.1 · Part 4

Statute text

For purposes of this title, the following terms have the following meanings:

(a)(1) “Borrower” means a natural person who is a mortgagor or trustor, or a person who holds a power of attorney for a mortgagor or trustor.

(2)“Borrower” does not include an individual who has surrendered the secured property as evidenced by either a letter confirming the surrender or delivery of the keys to the property to the mortgagee, trustee, beneficiary, or authorized agent.

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Legislative history

Added by Stats. 2025, Ch. 128, Sec. 1. (AB 238) Effective September 22, 2025.