California Civil Code

§ 798.56a

CIV § 798.56a Effective Jan 1, 2017Div. 2 · Title 2 · Part 2 · Ch. 2.5 · Art. 6

Statute text

(a)Within 60 days after receipt of, or no later than 65 days after the mailing of, the notice of termination of tenancy pursuant to any reason provided in Section 798.56, the legal owner, if any, and each junior lienholder, if any, shall notify the management in writing of at least one of the following:

(1)Its offer to sell the obligation secured by the mobilehome to the management for the amount specified in its written offer. In that event, the management shall have 15 days following receipt of the offer to accept or reject the offer in writing. If the offer is rejected, the person or entity that made the offer shall have 10 days in which to exercise one of the other options contained in this section and shall notify management in writing of its choice.

(2)Its intention to foreclose on its security interest in the mobilehome.

…

Legislative history

Amended by Stats. 2016, Ch. 714, Sec. 2. (SB 944) Effective January 1, 2017.