California § 2953.1 - As used in this section: (a)
Full text of California Public Contract Code - PCC § 2953.1 — As used in this section: (a), with citation guidance and answers to common questions.
§ 2953.1. As used in this section: (a)
As used in this section: (a) âReal property security instrumentâ shall include any mortgage or trust deed or land contract in or on real property. (b) âSubordination clauseâ shall mean a clause in a real property security instrument whereby the holder of the security interest under such instrument agrees that upon the occurrence of conditions or circumstances specified therein his security interest will become subordinate to or he will execute an agreement subordinating his interest to the lien of another real property security instrument which would otherwise be of lower priority than his lien or security interest. (c) âSubordination agreementâ shall mean a separate agreement or instrument whereby the holder of the security interest under a real property security instrument agrees that (1) his existing security interest is subordinate to, or (2) upon the occurrence of conditions or circumstances specified in such separate agreement his security interest will become subordinate to, or (3) he will execute an agreement subordinating his interest to, the lien of another real property security instrument which would otherwise be of lower priority than his lien or security interest.
Frequently Asked Questions About California § 2953.1
What does Public Contract Code - PCC § 2953.1 cover?
Section 2953.1 ("As used in this section: (a)") 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 § 2953.1?
A common citation format is "Public Contract Code - PCC § 2953.1" (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 § 2953.1 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.