§ 8006
86 words·~1 min read·
/ca/civil-code/8006A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Construction lender” means either of the following:
(a)A mortgagee or beneficiary under a deed of trust lending funds with which the cost of all or part of a work of improvement is to be paid, or the assignee or successor in interest of the mortgagee or beneficiary.
(b)An escrow holder or other person holding funds provided by an owner, lender, or another person as a fund for with which the cost of all or part of a work of improvement is to be paid.