Section 18037.5 Of Chapter 5. Sales And Escrows From California Health And Safety Code >> Division 13. >> Part 2. >> Chapter 5.
18037.5
. (a) In the event of default under the provisions of any
security agreement relating to a loan or conditional sale contract
which, according to its terms, gives the secured party the right to
foreclose its security interest in a manufactured home, mobilehome,
truck camper, or floating home subject to registration under this
part which is not inventory of a dealer, including the right to
repossess the property, notwithstanding any contrary provisions in
the security agreement or conditional sale contract or in any other
agreement entered into prior to default, the secured party may
foreclose its security interest only by satisfying the requirements
of this section.
(1) Unless the registered owner of the manufactured home,
mobilehome, truck camper, or floating home has abandoned the property
or has voluntarily surrendered possession of the property to the
foreclosing creditor, the foreclosing creditor shall deposit or cause
to be deposited in the United States mail an envelope addressed to
each registered owner as shown on the current registration of the
manufactured home, mobilehome, truck camper, or floating home,
registered or certified with postage prepaid, containing a notice in
substantially the following form and in at least 10-point type, which
notice shall be signed by the foreclosing creditor: