California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 8 — Reverse Mortgages, Section 1923.3
A reverse mortgage shall constitute a lien against the subject property to the extent of all advances made pursuant to the reverse mortgage and all interest accrued on these advances, and that lien shall have priority over any lien filed or recorded after recordation of a reverse mortgage loan.
Notes
Establishes a reverse mortgage as a lien against the subject property to the extent of all advances made under the mortgage and all interest accrued on those advances. Establishes that the reverse-mortgage lien has priority over any lien filed or recorded after the reverse mortgage loan is recorded.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1923.3 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-8/section-1923-3