Civil Code section 8456

(a)

This section applies to a construction loan secured by a mortgage or deed of trust that has priority over a lien under this chapter.

(b)

An optional advance of funds by the construction lender that is used for construction costs has the same priority as a mandatory advance of funds by the construction lender, provided that the total of all advances does not exceed the amount of the original construction loan.

Source: Section 8456, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=8456. (updated Jan. 1, 2011; accessed Jun. 16, 2025).

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Jun. 16, 2025

§ 8456’s source at ca.gov

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Location: https://california.public.law/codes/civil_code_section_8456

Original Source: Section 8456, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=8456. (last accessed May 12, 2025).