12 CCR s 344.2

Cal. Admin. Code tit. 12, s 344.2

CALIFORNIA CODE OF REGULATIONS
TITLE 12. MILITARY AND VETERANS AFFAIRS
DIVISION 2. DEPARTMENT OF VETERANS' AFFAIRS
CHAPTER 2. VETERANS' FARM AND HOME PURCHASES
SUBCHAPTER 3. CONTRACT AND OTHER TERMS
This database is current through 12/22/06, Register 2006, No. 51.
s 344.2. Notice to Other Lienholders.

At the time of the issuance of a notice of intent to cancel a contract,
the Department may order from a title insurance company a litigation
guarantee or similar title report showing the status of record title to
the property which is the subject of the contract in default. If the
Department decides to cancel the contract, the Department shall then give
notice in writing to all junior lienholders shown in the report that it
intends to cancel the contract and that they shall have 30 days in which
to begin foreclosure or other action necessary to protect their junior
lien or security interest in the property. The notice shall be given by
certified or registered mail, return-receipt requested, or by first-class
mail, or by personal service, as deemed appropriate by the Department, to
or at the addresses shown in the report, and shall be effective upon
mailing, or upon actual service if given by personal service.

Note: Authority cited: Section 700, Military and Veterans Code.
Reference: Sections 987.5 and 987.77, Military and Veterans Code.

HISTORY

1. New section filed 4-4-88; operative 5-4-88 (Register 88, No.17).

12 CCR s 344.2, 12 CA ADC s 344.2
1CAC

12 CA ADC s 344.2

END OF DOCUMENT