California Law (Last Updated: March 4, 2014) |
Health and Safety Code - HSC |
Division 31. HOUSING AND HOME FINANCE |
Part 1. STATE HOUSING POLICY AND GENERAL PROVISIONS |
Chapter 2. Definitions |
Section 50086.
Latest version.
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"Mortgage loan" means a loan that is secured by a mortgage and is made for financing, including refinancing of existing mortgage obligations, to create or preserve the long-term affordability of a housing development or a residential structure in the state, or a buy-down mortgage loan secured by a mortgage, of an owner-occupied unit in this state.
(Amended by Stats. 2008, Ch. 281, Sec. 1. Effective September 25, 2008.)