There is a newer version
of
this Section
2022 California Code
Civil Code - CIV
DIVISION 4 - GENERAL PROVISIONS
PART 6 - WORKS OF IMPROVEMENT
TITLE 2 - PRIVATE WORKS OF IMPROVEMENT
CHAPTER 4 - Mechanics Lien
ARTICLE 5 - Priorities
Section 8456.
Universal Citation: CA Civ Code § 8456 (2022)
8456. (a) This section applies to a construction loan secured by a mortgage or deed of trust that has priority over a lien under this chapter.
(b) An optional advance of funds by the construction lender that is used for construction costs has the same priority as a mandatory advance of funds by the construction lender, provided that the total of all advances does not exceed the amount of the original construction loan.
(Added by Stats. 2010, Ch. 697, Sec. 20. (SB 189) Effective January 1, 2011. Operative July 1, 2012, by Sec. 105 of Ch. 697 and by Section 8052.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
