California Financial Code

§ 18006

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 18006Div. 7 · Ch. 1 · Art. 1

Statute text

View on leginfo.ca.gov

“Primarily secured by real property”, as used in this division, means the fair market value of the real property less prior encumbrances, at the time the loan is made or other obligation is acquired, is more than 50 percent of the principal amount owing on the loan or obligation.

Legislative history

Added by Stats. 1976, Ch. 964.