SECTIONS 12620 - California Statutes

INSURANCE CODE

SECTION 12620

12620. In the event actions for the foreclosure of real estate
mortgages, or sales on execution or under power of sale contained in
any mortgage or by direction of court in an action for the recovery
of a debt or for the enforcement of a right secured by a mortgage or
other lien shall be extended or postponed pursuant to or by any law
of this State or of the United States, or by any order or ruling of
any officer of this State or of the United States, or in the event
the date when payment of either principal or interest shall become
due under any note secured by a mortgage on real estate shall be
extended or postponed pursuant to or by any law of this State or of
the United States, or by any order or ruling of any officer of this
State or of the United States, then and in each of such cases there
shall be an extension for a like period of time of the date or dates
upon which mortgage insurers are required to make any and all
payments under and by reason of any and all policies of mortgage
insurance or mortgage participation certificates then issued and
outstanding.