Statute · California Financial Code
Cal. Fin. Code § 18006 — Definitions
Cal. Fin. Code § 18006
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“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.
Citator
Cal. Fin. Code § 18006 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“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.