Chapter 7.5. Mortgage Loans - California Civil Code Section 1918.5
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California Laws > Civil Code > Chapter 7.5. Mortgage Loans - California Civil Code Section 1918.5
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.
Last modified: February 16, 2015