California Health and Safety Code

§ 50852

HSC § 50852Div. 31 · Part 2 · Ch. 14

Statute text

As used in this chapter, the terms defined in this section shall have the following meanings:

(a)“Conversion” means any of the following:

(1)The prepayment of a federally, state, or locally subsidized or insured mortgage prior to the expiration of the term of the mortgage, including mortgages of assisted housing developments as defined in paragraphs (2) and (4) of subdivision (a) of Section 65863.10 of the Government Code and mortgages made pursuant to Chapter 7 (commencing with Section 52075) of Part 5, Article 2 (commencing with Section 33760) of Chapter 8 of Part 1 of Division 24, Article 5 (commencing with Section 34350) of Chapter 1 of Part 2 of Division 24, and Part 3 (commencing with Section 50900).

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Legislative history

Added by Stats. 1990, Ch. 1438, Sec. 2.