California Civil Code 2929 – No person whose interest is subject to the lien of a mortgage may do …
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No person whose interest is subject to the lien of a mortgage may do any act which will substantially impair the mortgagee‘s security.
(Enacted 1872.)
Terms Used In California Civil Code 2929
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- will: includes codicil. See California Civil Code 14