Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 10231.1 — Transactions in Trust Deeds and Real Property Sales Contracts
Cal. Bus. & Prof. Code § 10231.1
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 1999-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No person in doing any of the acts set forth in subdivision (d) of Section 10131, subdivision (e) of Section 10131, and Section 10131.1 shall, as agent or principal, retain funds payable according to the terms of a promissory note or real property sales contract secured directly or collaterally…
Citator
Cal. Bus. & Prof. Code § 10231.1 — Transactions in Trust Deeds and Real Property Sales Contracts is in force in the current edition of the Code, and nothing recorded condemns it.
No person in doing any of the acts set forth in subdivision (d) of Section 10131, subdivision (e) of Section 10131, and Section 10131.1 shall, as agent or principal, retain funds payable according to the terms of a promissory note or real property sales contract secured directly or collaterally by a lien on real property, for a period longer than 25 days, except pursuant to a written agreement with the purchaser or lender.