California § 51481 - Mortgages made by the agency under authority of this chapter shall be secured by
Full text of California Public Contract Code - PCC § 51481 — Mortgages made by the agency under authority of this chapter shall be secured by, with citation guidance and answers to common questions.
§ 51481. Mortgages made by the agency under authority of this chapter shall be secured by
Mortgages made by the agency under authority of this chapter shall be secured by a first deed of trust, or by a deed of trust junior to a first deed of trust if it is necessary to accomplish the purposes of this chapter. Except as otherwise specified in this chapter, the principal amount of, and the conditions of mortgage loans, shall be determined by the board.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 51481
What does Public Contract Code - PCC § 51481 cover?
Section 51481 ("Mortgages made by the agency under authority of this chapter shall be secured by") 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 § 51481?
A common citation format is "Public Contract Code - PCC § 51481" (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 § 51481 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.