2011 California Code
Civil Code
DIVISION 4. GENERAL PROVISIONS [3274 - 9566]
ARTICLE 1. Definitions
Section 8006


CA Civ Code § 8006 (through 2012 Leg Sess) What's This?

Construction lender means either of the following:

(a) A mortgagee or beneficiary under a deed of trust lending funds with which the cost of all or part of a work of improvement is to be paid, or the assignee or successor in interest of the mortgagee or beneficiary.

(b) An escrow holder or other person holding funds provided by an owner, lender, or another person as a fund for with which the cost of all or part of a work of improvement is to be paid.

(Added by Stats. 2010, Ch. 697, Sec. 20. Effective January 1, 2011. Operative July 1, 2012, by Sec. 105 of Ch. 697.)

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