California Law (Last Updated: March 4, 2014) |
Health and Safety Code - HSC |
Division 31. HOUSING AND HOME FINANCE |
Part 3. CALIFORNIA HOUSING FINANCE AGENCY |
Chapter 5. Financing of Housing Developments and Residential Structures |
ARTICLE 3. Loans to Qualified Mortgage Lenders |
Section 51150.
Latest version.
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The agency may make loans to qualified mortgage lenders under terms and conditions requiring the proceeds thereof to be used by such mortgage lenders for the purpose of making construction loans and mortgage loans for the purpose of financing housing developments and residential structures.
(Amended by Stats. 1981, Ch. 1031.)