{"code":"BPC","codeName":"Business and Professions Code","section":"11010.5","citation":"Bus. & Prof. Code, § 11010.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 4. REAL ESTATE [10000. - 11506.]","url":"https://blackletter.si/business-and-professions-code/division-4"},{"name":"PART 2. REGULATION OF TRANSACTIONS [11000. - 11288.]","url":"https://blackletter.si/business-and-professions-code/division-4/part-2"},{"name":"CHAPTER 1. Subdivided Lands [11000. - 11200.]","url":"https://blackletter.si/business-and-professions-code/division-4/part-2/chapter-1"},{"name":"ARTICLE 2. Investigation, Regulation and Report [11010. - 11023.]","url":"https://blackletter.si/business-and-professions-code/division-4/part-2/chapter-1/article-2"}],"history":"Amended by Stats. 1992, Ch. 864, Sec. 1.   Effective January 1, 1993.","effective":"1993-01-01","html":"<p>The filing of a second notice of intention to sell and a second report of the commissioner under this article shall not be required when all the following conditions have been met: (a) where there has been a previous subdivision report and the lots are subsequently acquired through any foreclosure action, or by a deed in lieu of foreclosure, by a bank, life insurance company, industrial loan company, credit union, or savings and loan association licensed or operating under the provisions of a state or federal law if the acquired lots, either improved or unimproved, will be sold in conformance with the previously issued subdivision public report; (b) the original public report is given to the first purchasers of the lots in the foreclosed subdivision; and (c) the commissioner is notified of the change of ownership within 30 days of the acquisition of the title to such property.</p>","text":"The filing of a second notice of intention to sell and a second report of the commissioner under this article shall not be required when all the following conditions have been met: (a) where there has been a previous subdivision report and the lots are subsequently acquired through any foreclosure action, or by a deed in lieu of foreclosure, by a bank, life insurance company, industrial loan company, credit union, or savings and loan association licensed or operating under the provisions of a state or federal law if the acquired lots, either improved or unimproved, will be sold in conformance with the previously issued subdivision public report; (b) the original public report is given to the first purchasers of the lots in the foreclosed subdivision; and (c) the commissioner is notified of the change of ownership within 30 days of the acquisition of the title to such property.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/investigation-regulation-and-report-11010-5","source":"California Legislative Information bulk export (pubinfo)"}