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 3.5. Qualified Mortgage Bonds And Mortgage Credit Certificates |
ARTICLE 2. Mortgage Credit Certificates |
Section 50197.7.
Latest version.
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If an issuer elects to exchange all or part of a supplementary allocation of qualified mortgage bonds for authority to issue mortgage credit certificates, the issuance of those mortgage credit certificates shall be subject to the restriction imposed by subdivision (b) of Section 50189.
(Added by Stats. 1985, Ch. 1399, Sec. 7.5. Effective October 1, 1985.)