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California Code, Civil Code - CIV § 8456

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - California Code, Civil Code - CIV § 8456 - last updated January 01, 2025 | https://codes.findlaw.com/ca/civil-code/civ-sect-8456/

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