BlackletterCalifornia law

Business and Professions Code § 10240.2

ARTICLE 7. Real Property Loans

Current as of September 28, 2026Bus. & Prof. Code, § 10240.2Official source ↗

Added by Stats. 1985, Ch. 1355, Sec. 6.

As used in this article, “ dwelling” means any of the following units which are owned by a signatory to the mortgage or deed of trust secured by the dwelling unit at the time of execution of the mortgage or deed of trust:

(a) A single dwelling unit in a condominium or cooperative.

(b) Any parcel containing only residential buildings if the total number of units on the parcel is four or less.