California Health and Safety Code

§ 51152

HSC § 51152Div. 31 · Part 3 · Ch. 5 · Art. 3

Statute text

Loans shall not be made by the agency to a qualified mortgage lender under this article, except pursuant to an agreement between the agency and the qualified mortgage lender. The agreements shall include the following:

(a)A maximum interest rate that can be charged for construction loans or mortgage loans.

(b)A specification of the requirements of loans authorized by this part.

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Legislative history

Amended by Stats. 1987, Ch. 1034, Sec. 36.