California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 14 — Lien, Chapter 2 — Mortgage, Article 1 — Mortgages in General, Section 2932.6
(a) Notwithstanding any other provision of law, a financial institution may undertake to repair any property acquired through foreclosure under a mortgage or deed of trust.
(b) As used in this section, the term “financial institution” includes, but is not limited to, banks, savings associations, credit unions, and industrial loan companies.
(c) The rights granted to a financial institution by this section are in addition to, and not in derogation of, the rights of a financial institution which otherwise exist.
Notes
Allows a financial institution to repair property it acquired through foreclosure under a mortgage or deed of trust, notwithstanding other law. Defines financial institution to include banks, savings associations, credit unions, and industrial loan companies, and establishes that this repair authority supplements rather than diminishes rights the institution otherwise has.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 2932.6 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-14/chapter-2/article-1/section-2932-6