A beneficiary misses the reconveyance deadlines and the borrower, who lost a sale worth $9,000 in costs, sues. What damages and statutory forfeiture may the affected borrower seek under section 2941?
Correct Answer
D) Damages sustained, plus a forfeiture of $500 to the person affected
A violation makes the violator liable for all damages the person sustains and requires forfeiture of $500 to that person, so the two run together. Other choices: the $500 is fixed in the section; damages are not excluded by it; and treble damages are not the remedy here. Source: Cal. Civ. Code § 2941(d)
Why This Is the Correct Answer
A violation makes the violator liable for all damages the person sustains and requires forfeiture of $500 to that person, so the two run together. Other choices: the $500 is fixed in the section; damages are not excluded by it; and treble damages are not the remedy here. Source: Cal. Civ. Code § 2941(d)
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