AB 2380

Bill Subjects

Abstract

Existing law, the Subdivision Map Act, requires prescribed security from a developer if the act or a local ordinance authorizes or requires the furnishing of security in connection with the performance of any act or agreement, including a requirement that specified forms of security be recorded with the county recorder of the county in which the subject real property is located. Existing law also requires any contract or security interest in real property entered into as security for performance, as described, to be recorded as specified. This bill would make nonsubstantive changes to those provisions.