California Civil Code

§ 1923.3

CIV § 1923.3 Effective Jan 1, 1998Div. 3 · Title 4 · Part 4 · Ch. 8

Statute text

A reverse mortgage shall constitute a lien against the subject property to the extent of all advances made pursuant to the reverse mortgage and all interest accrued on these advances, and that lien shall have priority over any lien filed or recorded after recordation of a reverse mortgage loan.

Legislative history

Added by Stats. 1997, Ch. 797, Sec. 1. Effective January 1, 1998.