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Code · California · Civil Code

§ 8456

72 words·~1 min read·/ca/civil-code/8456

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)This section applies to a construction loan secured by a mortgage or deed of trust that has priority over a lien under this chapter.
(b)An optional advance of funds by the construction lender that is used for construction costs has the same priority as a mandatory advance of funds by the construction lender, provided that the total of all advances does not exceed the amount of the original construction loan.
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