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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 3. CALIFORNIA HOUSING FINANCE AGENCY |
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Chapter 5. Financing of Housing Developments and Residential Structures |
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ARTICLE 4. Lender of Last Resort |
Section 51175.
Latest version.
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Except as provided in this article, the agency shall not make construction loans or first mortgage loans for the purpose of financing owner-occupied residential structures unless those loans are made through a qualified mortgage lender.
(Amended by Stats. 2013, Ch. 82, Sec. 4. Effective August 12, 2013.)