Form A (RW16-19) Subordination Agreement - California

What Is Form A (RW16-19)?

This is a legal form that was released by the California Department of Transportation - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a subordination agreement?
A: A subordination agreement is a legal document that changes the order of priority of liens or claims on a property.

Q: Why would someone need a subordination agreement?
A: Someone might need a subordination agreement if they want to refinance their mortgage or obtain a new loan while their property still has existing liens or claims.

Q: What does the subordination agreement do?
A: The agreement puts the new loan or mortgage in a higher priority position than the existing liens or claims, allowing the borrower to proceed with the refinancing or new loan.

Q: Is a subordination agreement required in California?
A: No, a subordination agreement is not required by law in California, but it may be necessary for certain financial transactions.

Q: Who prepares a subordination agreement?
A: A subordination agreement is typically prepared by a lender or the borrower's attorney.

Q: What information is included in a subordination agreement?
A: A subordination agreement typically includes details about the existing liens or claims, the new loan or mortgage, and the parties involved.

Q: Do both parties have to sign the subordination agreement?
A: Yes, both the lender or lienholder and the borrower must sign the subordination agreement.

Q: Is a subordination agreement permanent?
A: No, a subordination agreement can be temporary or permanent, depending on the terms agreed upon by the parties involved.