California Military and Veterans Code

§ 804

MVC § 804 Effective Jan 1, 2023Div. 4 · Ch. 3

Statute text

During the period specified in Section 800, the reservist may defer the payment of principal and interest on the specified obligations. No penalties shall be imposed on the nonpayment of principal or interest during this period. No interest shall be charged or accumulated on the principal or interest on which the payment was delayed. No foreclosure or repossession of property shall take place during the period of deferment unless otherwise ordered by a court or agreed to by the parties to the obligation.

Legislative history

Amended by Stats. 2022, Ch. 620, Sec. 10. (SB 1311) Effective January 1, 2023.