2011 California Code
Civil Code
DIVISION 3. OBLIGATIONS [1427 - 3272.9]
CHAPTER 7.5. Mortgage Loans
Section 1918.5
As used in this chapter:
(a) Evidence of debt means a note or negotiable instrument.
(b) Secretary means the Secretary of the Business, Transportation and Housing Agency.
(c) Secretary s designee means the director of a department within the agency that licenses or regulates the institutions, organizations or persons engaged in a business related to or affecting compliance with this chapter.
(d) Security document means a mortgage contract, deed of trust, real estate sales contract, or any note or negotiable instrument issued in connection therewith, when its purpose is to finance the purchase or construction of real property occupied or intended to be occupied by the borrower, containing four or fewer residential units or on which four or fewer residential units are to be constructed.
(Added by Stats. 1981, Ch. 1079, Sec. 4.)
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