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 2923.4
The purpose of the act that added this section is to ensure that, as part of the nonjudicial foreclosure process, borrowers are considered for, and have a meaningful opportunity to obtain, available loss mitigation options, if any, offered by or through the borrower’s mortgage servicer, such as loan modifications or other alternatives to foreclosure. Nothing in the act that added this section, however, shall be interpreted to require a particular result of that process.
Notes
Establishes legislative purpose that borrowers in nonjudicial foreclosure be considered for, and have a meaningful opportunity to obtain, available loss-mitigation options offered by or through their mortgage servicer, including loan modifications or foreclosure alternatives. Establishes no required outcome from that process; the act must not be interpreted to require any particular result.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 2923.4 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-14/chapter-2/article-1/section-2923-4