Expiration of the lien of a mortgage, deed of trust, or other security interest pursuant to this chapter or any other statute renders the lien unenforceable by any means commenced or asserted thereafter and is equivalent for all purposes to a certificate of satisfaction, reconveyance, release, or other discharge of the security interest, and execution and recording of a certificate of satisfaction, reconveyance, release, or other discharge is not necessary to terminate or evidence the termination of the security interest. Nothing in this section precludes execution and recording at any time of a certificate of satisfaction, reconveyance, release, or
other discharge.
Notes of Decisions
Curry v. US, Small Bus. Admin., 679 F. Supp. 966 (N.D. Cal. 1987).
“” Cal.Civ.Code § 882.030 (emphasis added). However, the statute also provides for a number of “grace periods.”
Schelb v. Stein, 190 Cal. App. 4th 1440 (Cal. Ct. App. 2010).
· cites it 2× “” (Civ. Code, § 882.030.) Civil Code section 880.”
Muhammad v. Deutsche Bank Nat'l Trust Co., No. A155865 (Cal. Ct. App. Mar. 5, 2021).
· cites it 2× “030 of the Act, which states that “[e]xpiration of the lien of a mortgage, deed of trust, or other security interest pursuant to this chapter or any other statute renders the lien unenforceable by any means commenced or asserted thereafter.”
Nilson v. White, No. D077046 (Cal. Ct. App. Sept. 16, 2021).
“(Civ. Code, § 882.030.)13 13 Prior to the enactment of the Marketable Record Title Act in 1982, “California cases had continuously held that the power of sale under a deed of trust was not barred, or ‘never outlaws,’ and that the power of sale might be 18 Pursuant to the…”
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