{"data":{"id":"us-ca/civ-1923","jurisdiction":"us-ca","citation":"CIV § 1923","heading":"","body":"For purposes of this chapter, “reverse mortgage” means a nonrecourse loan secured by real property that meets all of the following criteria:\n(a) The loan provides cash advances to a borrower based on the equity or the value in a borrower’s owner-occupied principal residence.\n(b) The loan requires no payment of principal or interest until the entire loan becomes due and payable.\n(c) The loan is made by a lender licensed or chartered pursuant to the laws of this state or the United States.","path":["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.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"3785640b0f2e90103105a66a9f8e70186d07d0fe07099038b4c4986b2582e67d","source_id":"us-ca","stale":false,"prev":"us-ca/civ-1921","next":"us-ca/civ-1923.2"},"notice":"GroundRules: Original legal text. Not legal advice."}