California Streets and Highways Code 3120 – Where there is a delinquency in the payment of special taxes levied …
Current as of: 2024 | Check for updates
|
Other versions
Where there is a delinquency in the payment of special taxes levied pursuant to the Mello-Roos Community Facilities Act of 1982, Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the Government Code or principal and interest due upon a special assessment or bond and a sale or foreclosure is commenced, notice of the pendency of the sale or foreclosure shall be filed as provided in this part.
(Amended by Stats. 1986, Ch. 1102, Sec. 56. Effective September 24, 1986.)
Terms Used In California Streets and Highways Code 3120
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC