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Cal. Civil Code § 8456

Cal. Civil Code § 8456

California · California Civil Code · Status: effective · Effective 2011-01-01

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Cal. Civil Code § 8456, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790049
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(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.