Section 802 Of Chapter 3. The California Military Families Financial Relief Act From California Military And Veterans Code >> Division 4. >> Chapter 3.
802
. (a) Notwithstanding subdivisions (e) and (f) of Section 800,
any mortgage payments delayed pursuant to Section 800 are due and
payable upon the earlier of the following:
(1) The sale of the property or other event specified in the
documents creating the obligation permitting the lender to accelerate
the loan, other than a deferral of payments authorized by Section
800.
(2) Further encumbrance of the property.
(3) The maturity of the obligation as defined under the terms of
the documents creating the obligation or, if applicable, as extended
pursuant to subdivision (e) of Section 800.
(b) Nothing in this section relieves a reservist with a mortgage
subject to an impound account for the payment of property taxes,
special assessments, mortgage insurance, and hazard insurance from
making monthly payments of an amount which is at least sufficient to
pay these amounts, unless the borrower and lender agree to a lesser
amount.
(c) Nothing in this chapter shall preclude a reservist from making
payments toward the mortgage payments deferred prior to the
occurrence of any of the events in subdivision (a).