California housing & land-use law
10 CCR § 2807.1. Alternative to Purchase Money Impound.
Title 10, California Code of Regulations (real estate), as enacted — this section's verbatim text. The library holds selected sections of this code, not the whole code.
- Edition
- 2026-09-23 official publisher snapshot
- Effective
- 2005-07-01
- Last updated
- 2026-09-26
- Jurisdiction
- California
§ 2807.1¶
Alternative to Purchase Money Impound.
The penal sum of the financial assurances permitted pursuant to Section 11243(c) furnished by or on behalf of a developer shall be in an amount equal to or in excess of the lesser of (1) the funds that would otherwise be placed in escrow, or (2) the cost to complete the incomplete property in which the time-share interest is located. However, in no event shall the amount be less than the amount of funds that would otherwise be placed in escrow pursuant to Section 11243(a)(1).
Official source: § 2807.1. Alternative to Purchase Money Impound..
Source snapshot retrieved: 2026-09-23T18:09:04.825Z.
- New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).
Version dates (indexing metadata): Effective 2005-07-01.
Date derivation (indexing metadata): This is the current publisher text. The filing history states: "1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18)." The indexing start is therefore 2005-07-01. No earlier version is represented.