Section 5540.1 - Recording the Registered Owner, Legal Owner or Junior Lienholder as a CO-Ownership(a) When the registered owner, legal owner, or junior lienholder of a unit is one or more persons, the applicable interest shall be recorded as: (1) two or more persons as "joint tenants with right of survivorship", or(2) two or more persons as "tenants in common and", or(3) two or more persons as "tenants in common or", or(4) community property in the names of a husband and wife, or(5) community property with right of survivorship in the names of the husband and wife.(b) An application to record the registered ownership, legal ownership, or junior lienholder interest of a unit as co- owners shall include whichever of the following is required by Article 2, Article 3, or Article 8 of this Chapter for the type of application being submitted, with the desired type of co-ownership clearly written on: (1) the titling document submitted with the application, or(2) the registration information document as specified in subsection 5542(b); or(3) the Dealer Report of Sale or Lease, New Manufactured Home, or Multi-unit Manufactured Housing form HCD 480.1 which meets the requirements of Section 5575, the Dealer Report of Sale or Lease, New Commercial Modular, form HCD 480.2, which meets the requirements of Section 5575, or the Dealer Report of Sale or Lease With an Option to Buy a Used Manufactured Home, Mobilehome, Multi-unit Manufactured Housing or Commercial Modular, form HCD 480.3, which meets the requirements of section 5575.(c) The application for registration shall include a statement signed under penalty of perjury that includes the unit identifying information and a statement certifying the co-owner term desired.Cal. Code Regs. Tit. 25, § 5540.1
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).
2. Change without regulatory effect amending section filed 7-6-2007 pursuant to section 100, title 1, California Code of Regulations (Register 2007, No. 27). Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Sections 18080 and 18085, Health and Safety Code.
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).
2. Change without regulatory effect amending section filed 7-6-2007 pursuant to section 100, title 1, California Code of Regulations (Register 2007, No. 27).