Section 6631 Of Chapter 12. Reinstatement Of Bonds From California Streets And Highways Code >> Division 7. >> Part 5. >> Chapter 12.
6631
. Notwithstanding the provisions of Section 6619, the treasurer
shall reinstate any delinquent bond upon which an action or
proceeding for sale or foreclosure has been commenced, upon the
payment to him of all principal and interest coupons delinquent at
the time of such reinstatement together with:
(a) All penalties imposed pursuant to Section 6442.
(b) If the proceedings are pursuant to Chapter 6 (commencing with
Section 6500) of this part, the expenses of publication of notice of
sale paid or incurred by the treasurer, the cost of title search if
incurred, the fees for filing with the county recorder a notice of
pendency of sale pursuant to Part 3 (commencing with Section 3120) of
Division 4.5, and the sum of three dollars ($3) for ascertainment by
the treasurer of the name and address of the property owner.
(c) If the proceedings are pursuant to Chapter 11 (commencing with
Section 6610) of this part, the costs of suit, the cost of abstract
or report of search of title, authorized attorneys fees, and fees for
filing with the county recorder a notice of pendency of foreclosure
pursuant to Part 3 (commencing with Section 3120) of Division 4.5.
(d) A reinstatement fee determined as follows:
If the action or proceeding for sale or foreclosure was commenced
within the following periods, measured from the date of the first
delinquent principal or interest coupon:
1. Less than six months, the reinstatement fee shall be five
dollars ($5);
2. Six months but less than a year, the reinstatement fee shall be
ten dollars ($10);
3. One year or more, and
(i) The unpaid principal is less than one hundred dollars ($100),
the reinstatement fee shall be fifteen dollars ($15);
(ii) The unpaid principal is one hundred dollars ($100) or more,
the reinstatement fee shall be twenty dollars ($20).