Cal. Code Regs. tit. 10 § 107.503

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 107.503 - Modification Agreements

If, on or after November 23, 1970, an association executes a modification agreement with a borrower respecting a mortgage contract, deed of trust, real estate sales contract, or modifies any note or negotiable instrument issued in connection therewith which was executed before November 23, 1970, and the modification agreement or modified note includes a variable interest rate, it shall comply with Civil Code Section 1916.5 or 1916.6 and with these regulations.

Cal. Code Regs. Tit. 10, § 107.503

1. Change without regulatory effect renumbering former Section 240.4 to Section 107.503 (Register 87, No. 14). For prior history, see Register 79, No. 21.
2. Change without regulatory effect of NOTE (Register 87, No. 35).

Note: Authority cited: Section 8053, Financial Code; and Section 1916.5, Civil Code. Reference: Sections 1916.5 and 1916.6, Civil Code.

1. Change without regulatory effect renumbering former Section 240.4 to Section 107.503 (Register 87, No. 14). For prior history, see Register 79, No. 21.
2. Change without regulatory effect of NOTE (Register 87, No. 35).