1918.5. As used in this chapter:
(a) Evidence of debt means a note or negotiable instrument.
(b) Secretary means the Secretary of the Business, Consumer Services, and Housing.
(c) Secretary s designee means the director of a department within the agency that licenses or regulates the institutions, organizations, or persons engaged in a business related to or affecting compliance with this chapter.
(d) Security document means a mortgage contract, deed of trust, real estate sales contract, or any note or negotiable instrument issued in connection therewith, when its purpose is to finance the purchase or construction of real property occupied or intended to be occupied by the borrower, containing four or fewer residential units or on which four or fewer residential units are to be constructed.
(Amended by Stats. 2013, Ch. 353, Sec. 11. Effective September 26, 2013. Operative July 1, 2013, by Sec. 129 of Ch. 353.)Section: 1918.5 1920 1921 Next
Last modified: September 9, 2016