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California Law (Last Updated: March 4, 2014) |
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Health and Safety Code - HSC |
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Division 31. HOUSING AND HOME FINANCE |
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Part 1. STATE HOUSING POLICY AND GENERAL PROVISIONS |
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Chapter 2. Definitions |
Section 50081.
Latest version.
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"Market rent" means the monthly rent established by the agency as competitive according to its own regulations, except where federal regulations provide a required method of determining market rent. Determination of market rent may be reviewed annually upon application by the mortgagor, subject to applicable federal regulations, if any.
(Added by Stats. 1977, Ch. 610.)