California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 14 — Lien, Chapter 2a — Home Equity Loan Disclosure Act, Section 2970

Notes

Defines a home equity loan, for purposes of the chapter, as an open-end consumer credit plan in which a consensual security interest is created or retained against the consumer’s dwelling. The term therefore covers the specified open-end credit arrangement when the consumer’s dwelling secures the plan through that consensual security interest.

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