ARTICLE 3. Disclosures on Purchase Money Liens on Residential Property
Article 3 added by Stats. 1982, Ch. 968, Sec. 1.
§§ 2956–2967 · 12 sections
- § 2956 In a transaction for the purchase of a dwelling for not more than four families in which there is an arranger of credit, which purchase includes an extension…
- § 2957 The following definitions shall apply for the purposes of this article: (a) “Arranger of credit” means: (1) A person, other than a party to the credit…
- § 2958 A disclosure is not required under this article, to a purchaser when that purchaser is entitled to receive, a disclosure pursuant to the Federal…
- § 2959 The disclosures required by this article shall be made as soon as practicable, but before execution of any note or security documents. If any disclosure is…
- § 2960 If information disclosed in accordance with this article is subsequently rendered inaccurate as a result of any act, occurrence, or agreement between the…
- § 2961 Every disclosure required by this article and every act which is to be performed in making that disclosure shall be made in good faith. For the purposes of…
- § 2962 Any disclosure made pursuant to this article may be amended in writing by the person making the disclosure, provided that any amendment shall be subject to the…
- § 2963 The disclosures required to both purchaser and vendor by this article are: (a) An identification of the note or other credit documents or security documents…
- § 2964 The specification of items for disclosure in this article does not limit or abridge any obligation for disclosure created by any other provision of law or…
- § 2965 The validity of any credit document or of any security document subject to the provisions of this article shall not be invalidated solely because of the…
- § 2966 (a) In a transaction regulated by this article, which includes a balloon payment note when the term for repayment is for a period in excess of one year, the…
- § 2967 Any action arising under this article may be brought within two years from the date on which the liability arises, except that where any material disclosure…