§ 12357
71 words·~1 min read·
/ca/insurance-code/12357A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless the mortgage is covered by mortgage insurance, the value of the property covered by each such mortgage constituting all or part of such deposit in this State shall be appraised by one or more appraisers selected or approved by the commissioner. The appraisers shall be familiar with property values of the particular type of property and generally in the region in which the property or some part thereof is situated.