Section 1923.
Cal. Civil Code - CIV § 1923.
in effectFor purposes of this chapter, “reverse mortgage” means a nonrecourse loan secured by real property that meets all of the following criteria:
(a)
The loan provides cash advances to a borrower based on the equity or the value in a borrower’s owner-occupied principal residence.
(b)
The loan requires no payment of principal or interest until the entire loan becomes due and payable.
(c)
The loan is made by a lender licensed or chartered pursuant to the laws of this state or the United States.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026