California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 8 — Reverse Mortgages, Section 1923.4
For the purposes of this chapter, a property shall be deemed to be owner-occupied, notwithstanding that the legal title to the property is held in the name of a trust, provided that the occupant of the property is a beneficiary of that trust.
Notes
Defines property as owner-occupied for purposes of the chapter when the occupant is a beneficiary of the trust holding legal title to the property. The property retains owner-occupied status despite legal title being held in the trust, provided the person occupying the property is one of that trust's beneficiaries.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1923.4 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-8/section-1923-4