2013 California Code
Code of Civil Procedure - CCP
PART 2. OF CIVIL ACTIONS
TITLE 9. ENFORCEMENT OF JUDGMENTS
DIVISION 4. THIRD-PARTY CLAIMS AND RELATED PROCEDURES
CHAPTER 3. Third-Party Claim of Security Interest or Lien
720.280
At the time the creditor files an undertaking with the levying officer in response to a third-party claim by a secured party, the creditor shall do all of the following:
(a) File with the levying officer a statement executed under oath that the security interest is invalid, that the security interest is not entitled to priority over the creditor s lien, or that the amount demanded in the claim exceeds the amount to which the secured party is entitled, for the reasons specified therein.
(b) Serve a copy of the statement on the secured party. Service shall be made personally or by mail.
(c) Serve a copy of the statement on the debtor. Service shall be made personally or by mail.
(Added by Stats. 1982, Ch. 1364, Sec. 2. Operative July 1, 1983, by Sec. 3 of Ch. 1364.)
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