ARTICLE 1. Payments and Liens

Article 1 added by Stats. 1977, Ch. 1242.

§§ 16180–16187 · 9 sections

• § 16180 (a) There is hereby created in the State Treasury a Senior Citizens and Disabled Citizens Property Tax Postponement Fund. The fund shall be an interest-bearing…
• § 16181 (a) The Controller shall maintain a record of all properties against which a notice of lien for postponed property taxes has been recorded. The record shall…
• § 16181.5 For purposes of this chapter, “real property” shall include possessory interests in real property for which property taxes have been postponed pursuant to the…
• § 16182 (a) All sums paid by the Controller under the provisions of this chapter, together with interest thereon, shall be secured by a lien in favor of the State of…
• § 16183 (a) From the time a payment is made pursuant to Section 16180, the amount of that payment shall bear interest at a rate (not compounded), determined as…
• § 16184 (a) The Controller shall reduce the amount of the obligation secured by the lien or security agreement against the real property or manufactured home by the…
• § 16186 (a) If at any time the amount of the obligation secured by the lien for postponed property taxes is paid in full or otherwise discharged, the Controller, or…
• § 16186.5 In the event that a payment which is made to satisfy an obligation secured by a lien for postponed property taxes exceeds the amount owing to the state, the…
• § 16187 (a) In the event of a judicial foreclosure of any lien senior in priority to the lien provided by Section 16182, notice shall be given the Controller, in such…