§ 18006
49 words·~1 min read·
/ca/financial-code/18006A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“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.