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DIVISION 4. REAL ESTATE 10000-11506›PART 1. LICENSING OF PERSONS 10000-10580›CHAPTER 3. Real Estate Regulations 10130-10249.93›ARTICLE 7. Real Property Loans 10240-10248.3

§ 10240.2

California Business and Professions Code · 2020-11 edition · updated 2026-10-04 · California

As used in this article, “ dwelling” means any of the following units which are owned by a signatory to the mortgage or deed of trust secured by the dwelling unit at the time of execution of the mortgage or deed of trust:

(a) A single dwelling unit in a condominium or cooperative.

(b) Any parcel containing only residential buildings if the total number of units on the parcel is four or less.

(Added by Stats. 1985, Ch. 1355, Sec. 6.)

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California Business and Professions Code

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