California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 2 — Regulation of Transactions, Chapter 1 — Subdivided Lands, Article 2 — Investigation, Regulation and Report, Section 11013
For the purposes of this part, a blanket encumbrance shall be considered to mean a trust deed or mortgage or any other lien or encumbrance, mechanics’ lien or otherwise, securing or evidencing the payment of money and affecting land to be subdivided or affecting more than one lot or parcel of subdivided land, or an agreement affecting more than one such lot or parcel by which the owner or subdivider holds said subdivision under an option, contract to sell, or trust agreement.
Notes
Defines a “blanket encumbrance,” for purposes of the part, as a deed of trust, mortgage, lien, mechanics lien, other money-secured encumbrance, or qualifying agreement affecting land to be subdivided or more than one subdivided lot or parcel. Includes option, sale-contract, or trust arrangements under which the owner or subdivider holds the subdivision.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 11013 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-2/chapter-1/article-2/section-11013