1. (a) An application for registration to change the registered owner(s) of a unit, but which retains the junior lienholder's security interest in the unit, shall include:

   1. (1) The Junior Lienholder's Registration Card, signed by the junior lienholder on the designated line(s) or in the designated area for retention of that junior lienholder; or,

   2. (2) A statement signed under penalty of perjury by the junior lienholder, which includes:

      1. (A) the unit(s) identifying information;
      2. (B) the registered owner(s) name(s) and mailing address(es);
      3. (C) the new registered owner(s) name(s) and mailing address(es);
      4. (D) the junior lienholder's name and mailing address;
      5. (E) why the Junior Lienholder Registration Card could not be submitted; and
      6. (F) an acknowledgment that the junior lienholder is retaining the security interest.

Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Section 18100.5, Health and Safety Code.

History

1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).