AGENDA FULL PACKET - Laserfiche WebLink

be provided to the county recorder along with a signed statement from each lienholder that states as follows: “(Name of lienholder) hereby consents to the recording of this condominium plan in their sole and absolute discretion and the borrower has or will satisfy any additional terms and conditions the lienholder may have.” (iii) The lienholder’s consent shall be included on the condominium plan or a separate form attached to the condominium plan that includes the following information: (I) The lienholder’s signature. (II) The name of the record owner or ground lessee. (III) The legal description of the real property. (IV) The identities of all parties with an interest in the real property as reﬂected in the real property records. (iv) The lienholder’s consent shall be recorded in the ofﬁce of the county recorder of the county in which the real property is located. (E) The local agency shall include the following notice to consumers on any accessory dwelling or junior accessory dwelling unit submittal checklist or public information issued describing requirements and permitting for accessory dwelling units, including as standard condition of any accessory dwelling unit building permit or condominium plan approval: “NOTICE: If you are considering establishing your primary dwelling unit and accessory dwelling unit as a condominium, please ensure that your building permitting agency allows this practice. If you decide to establish your primary dwelling unit and accessory dwelling unit as a condominium, your condominium plan or any future modiﬁcations to the condominium plan must be recorded with the County Recorder. Prior to recordation or modiﬁcation of your subdivision map and condominium plan, any lienholder with a lien on your title must provide a form of written consent either on the condominium plan, or on the lienholder’s consent form attached to the condominium plan, with text that clearly states that the lender approves recordation of the condominium plan and that you have satisﬁed their terms and conditions, if any. In order to secure lender consent, you may be required to follow additional lender requirements, which may include, but are not limited to, one or more of the following: (a) Paying off your current lender. You may pay off your mortgage and any liens through a reﬁnance or a new loan. Be aware that reﬁnancing or using a new loan may result in changes to your interest rate or tax basis. Also, be aware that any subsequent modiﬁcation to your subdivision map or condominium plan must also be consented to by your lender, which consent may be denied. 90 —18 — Ch. 752