GroundRules
CIV § 1923
Where this section sits in the code
- Civil Code - CIV
- DIVISION 3. OBLIGATIONS [1427. - 3273.91.]
- PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS [1738. - 3273.91.]
- TITLE 4. LOAN [1884. - 1923.10.]
- CHAPTER 8. Reverse Mortgages [1923. - 1923.10.]
For purposes of this chapter, “reverse mortgage” means a nonrecourse loan secured by real property that meets all of the following criteria:
(a) The loan provides cash advances to a borrower based on the equity or the value in a borrower’s owner-occupied principal residence.
(b) The loan requires no payment of principal or interest until the entire loan becomes due and payable.
(c) The loan is made by a lender licensed or chartered pursuant to the laws of this state or the United States.
Collected 2026-09-14T05:56:33Z. Source file · JSON