California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 14 — Lien, Chapter 2 — Mortgage, Article 2 — Mortgage of Real Property, Section 2953.5
(a) Sections 2953.1 through 2953.4 shall not apply to any subordination clause or subordination agreement which expressly states that the subordinating loan shall exceed twenty-five thousand dollars ($25,000).
(b) Sections 2953.1 through 2953.4 shall not apply to any subordination clause or subordination agreement which is executed in connection with a loan which exceeds twenty-five thousand dollars ($25,000).
Notes
Exempts a subordination clause or subordination agreement from the specified statutory restrictions when it expressly states that the subordinating loan will exceed $25,000. The same exemption applies when the subordination clause or agreement is executed in connection with a loan that actually exceeds $25,000, regardless of whether the stated-amount condition is used.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 2953.5 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-14/chapter-2/article-2/section-2953-5