Statute · California Civil Code
Cal. Civ. Code § 8456 — Priorities
Cal. Civ. Code § 8456
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Date
- 2011-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) This section applies to a construction loan secured by a mortgage or deed of trust that has priority over a lien under this chapter.
Citator
Cal. Civ. Code § 8456 — Priorities is in force in the current edition of the Code, and nothing recorded condemns it.
(a) This section applies to a construction loan secured by a mortgage or deed of trust that has priority over a lien under this chapter.
(b) An optional advance of funds by the construction lender that is used for construction costs has the same priority as a mandatory advance of funds by the construction lender, provided that the total of all advances does not exceed the amount of the original construction loan.