California Code of Civil Procedure 483.012 – Subject to the restrictions of Sections 580b and 580d, in an action …
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Subject to the restrictions of Sections 580b and 580d, in an action to foreclose a mortgage or deed of trust on real property or an estate for years therein, pursuit of any remedy provided by this title shall not constitute an action for the recovery of a debt for purposes of subdivision (a) of Section 726 or a failure to comply with any other statutory or judicial requirement to proceed first against security.
(Added by Stats. 1997, Ch. 222, Sec. 3. Effective January 1, 1998.)
Terms Used In California Code of Civil Procedure 483.012
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.