California Government Code

§ 16184

GOV § 16184 Effective Jan 1, 2019Div. 4 · Title 2 · Part 1 · Ch. 5 · Art. 1

Statute text

(a)The Controller shall reduce the amount of the obligation secured by the lien or security agreement against the real property or manufactured home by the amount of any payments received for that purpose and by notification of any amounts paid by the Franchise Tax Board pursuant to Section 20564 of the Revenue and Taxation Code or by any amounts authorized pursuant to subdivision (f) of Section 20621 of the Revenue and Taxation Code. Any payment received for that purpose shall be applied in the following order:

(1)To any interest due on the loan.

(2)To the principal property tax amount.

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Legislative history

Amended by Stats. 2018, Ch. 896, Sec. 5. (SB 1130) Effective January 1, 2019.