Section 5587 - Reporting the Retention of Interest of a Junior Lienholder(a) An application for registration to change the registered owner(s) of a unit, but which retains the junior lienholder's security interest in the unit, shall include: (1) The Junior Lienholder's Registration Card, signed by the junior lienholder on the designated line(s) or in the designated area for retention of that junior lienholder; or,(2) A statement signed under penalty of perjury by the junior lienholder, which includes: (A) the unit(s) identifying information;(B) the registered owner(s) name(s) and mailing address(es);(C) the new registered owner(s) name(s) and mailing address(es);(D) the junior lienholder's name and mailing address;(E) why the Junior Lienholder Registration Card could not be submitted; and(F) an acknowledgment that the junior lienholder is retaining the security interest.Cal. Code Regs. Tit. 25, § 5587
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1). Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Section 18100.5, 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).