California § 10233.2 - For the purposes of Division 3 (commencing with Section 3101) and Division 9 (com
Full text of California Public Contract Code - PCC § 10233.2 — For the purposes of Division 3 (commencing with Section 3101) and Division 9 (com, with citation guidance and answers to common questions.
§ 10233.2. For the purposes of Division 3 (commencing with Section 3101) and Division 9 (com
For the purposes of Division 3 (commencing with Section 3101) and Division 9 (commencing with Section 9101) of the Commercial Code, when a broker, acting within the meaning of subdivision (d) or (e) of Section 10131 or Section 10131.1, has arranged a loan or sold a promissory note or any interest therein, and thereafter undertakes to service the promissory note on behalf of the lender or purchaser in accordance with Section 10233, delivery, transfer, and perfection shall be deemed complete even if the broker retains possession of the note or collateral instruments and documents, provided that the deed of trust or an assignment of the deed of trust or collateral documents in favor of the lender or purchaser is recorded in the office of the county recorder in the county in which the security property is located, and the note is made payable to the lender or is endorsed or assigned to the purchaser.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10233.2
What does Public Contract Code - PCC § 10233.2 cover?
Section 10233.2 ("For the purposes of Division 3 (commencing with Section 3101) and Division 9 (com") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 10233.2?
A common citation format is "Public Contract Code - PCC § 10233.2" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 10233.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.