Which of the following is TRUE about California's anti-deficiency rules after non-judicial foreclosure?
Correct Answer
C) The lender cannot pursue a deficiency judgment after a non-judicial foreclosure
California's anti-deficiency statute prohibits lenders from pursuing a deficiency judgment after a non-judicial foreclosure sale, even if the sale proceeds don't cover the full debt.
Why This Is the Correct Answer
California's anti-deficiency statute prohibits lenders from pursuing a deficiency judgment after a non-judicial foreclosure sale, even if the sale proceeds don't cover the full debt.
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A state compliance officer handling a New Hampshire loan-originator transfer needs the compliant answer for continuing education and renewal. What should the reviewer choose?
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