2011 California Code
Business and Professions Code
DIVISION 4. REAL ESTATE [10000 - 11506]
ARTICLE 7. Real Property Loans
Section 10240.2
As used in this article, dwelling means any of the following units which are owned by a signatory to the mortgage or deed of trust secured by the dwelling unit at the time of execution of the mortgage or deed of trust:
(a) A single dwelling unit in a condominium or cooperative.
(b) Any parcel containing only residential buildings if the total number of units on the parcel is four or less.
(Added by Stats. 1985, Ch. 1355, Sec. 6.)
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