Cal. Fin. Code § 18006

Current through the 2023 Legislative Session.
Section 18006 - Primarily secured by real property

"Primarily secured by real property", as used in this division, means the fair market value of the real property less prior encumbrances, at the time the loan is made or other obligation is acquired, is more than 50 percent of the principal amount owing on the loan or obligation.

Ca. Fin. Code § 18006

Added by Stats. 1976, Ch. 964.