Every contract shall be written in letters of a size equal to 10-point bold type, in the same language principally used by the equity purchaser and equity seller to negotiate the sale of the residence in foreclosure and shall be fully completed and signed and dated by the equity seller and equity purchaser prior to the execution of any instrument of conveyance of the residence in foreclosure.
Cal. Civ. Code § 1695.2
Home Equity Sales Contracts
Applied in 2 court decisions — leading case 157 Cal. App. 4th 1195 - Schweitzer v. Westminster Investment Inc. (2007)
Most recently applied in 214 Cal. App. 4th 1090 - Centex Homes v. Superior Court (March 2013)
Added by Stats. 1979, Ch. 1029.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.