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2020 California Code
Insurance Code - INS
DIVISION 2 - CLASSES OF INSURANCE
PART 6 - INSURANCE COVERING LAND
CHAPTER 1 - Title Insurance
ARTICLE 2 - Title Insurers; Capital and Guarantee Fund Requirements
Section 12357.
Universal Citation:
CA Ins Code § 12357 (2020)
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12357.
Unless the mortgage is covered by mortgage insurance, the value of the property covered by each such mortgage constituting all or part of such deposit in this State shall be appraised by one or more appraisers selected or approved by the commissioner. The appraisers shall be familiar with property values of the particular type of property and generally in the region in which the property or some part thereof is situated.
(Amended by Stats. 1937, Ch. 732.)
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