Financial Code section 18006

“Primarily secured by real property”, as used in this division, means the fair market value of the real property less prior encumbrances, at the time the loan is made or other obligation is acquired, is more than 50 percent of the principal amount owing on the loan or obligation.

Source: Section 18006, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18006. (updated Jan. 1, 1976; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 1976

§ 18006’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18006

Original Source: Section 18006, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18006. (last accessed May 12, 2025).