Cal. CIV § 8456

Cal. CIV § 8456

Last amended: 2010Year: 2025Length: 72 wordsSubsections: 2Official source
(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.
Cal. CIV § 8456 | Justis AI