Interest and Secured Party.)
Last updated 2026-08-01
California Department of Real Estate
Updated 2026-08-01
FIRST MORTGAGE — A legal document pledging collateral for a loan (See “mortgage”) that has first priority over all other claims against the property except taxes and bonded indebtedness. That mortgage superior to any other. priority over all other claims against the property except taxes and bonded indebtedness. That trust deed superior to any other. FISCAL CONTROLS — Federal tax revenue and expenditure policies used to control the level of economic
California Department of Real Estate Glossary
California Department of Real Estate · p. 15
Report an issue with this page
Still have questions?
Ask about this page or what may happen next. You will continue in Help — this is general information, not legal or counseling advice.