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§ 5587. Reporting the Retention of Interest of a Junior Lienholder.

25 CA ADC § 5587Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 25. Housing and Community Development
Division 1. Housing and Community Development
Chapter 5. Registration and Titling of Manufactured Homes, Mobilehomes, Multifamily Manufactured Home, Commercial Modular, Truck Campers, and Floating Homes
Article 8. Perfection and Release of Security Interests
25 CCR § 5587
§ 5587. Reporting the Retention of Interest of a Junior Lienholder.
Currentness
(a) An application for registration to change the registered owner(s) of a unit, but which retains the junior lienholder's security interest in the unit, shall include:
(1) The Junior Lienholder's Registration Card, signed by the junior lienholder on the designated line(s) or in the designated area for retention of that junior lienholder; or,
(2) A statement signed under penalty of perjury by the junior lienholder, which includes:
(A) the unit(s) identifying information;
(B) the registered owner(s) name(s) and mailing address(es);
(C) the new registered owner(s) name(s) and mailing address(es);
(D) the junior lienholder's name and mailing address;
(E) why the Junior Lienholder Registration Card could not be submitted; and
(F) an acknowledgment that the junior lienholder is retaining the security interest.

Credits

Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Section 18100.5, Health and Safety Code.
History
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 25, § 5587, 25 CA ADC § 5587
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