California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 14 — Lien, Chapter 2 — Mortgage, Article 3 — Disclosures on Purchase Money Liens on Residential Property, Section 2967

Any action arising under this article may be brought within two years from the date on which the liability arises, except that where any material disclosure under this article has been materially and willfully misrepresented, the action may be brought within two years of discovery of the misrepresentation.

Notes

Sets a two-year period to bring an action arising under the article, measured from the date liability arises. Extends the rule for a materially and willfully misrepresented material disclosure by allowing the action to be brought within two years after discovery of the misrepresentation.

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