California Financial Code 27003 – Insurance companies, personal finance companies, mortgage companies, …
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Insurance companies, personal finance companies, mortgage companies, mortgage insurance companies, building and loan associations, or trust companies may make such loans secured by real property or leasehold, as the Federal Housing Administrator insures, or makes a commitment to insure, and may obtain such insurance.
(Enacted by Stats. 1951, Ch. 364.)
Terms Used In California Financial Code 27003
- 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.