§ 129105. — 129105. (Amended by Stats. 2021, Ch. 143, Sec. 247.)

California § 129105.

• Jurisdiction: California
• Code HSC: Health and Safety Code - HSC
• Div. 107.: DIVISION 107. HEALTH CARE ACCESS AND INFORMATION
• Part 6.: PART 6. FACILITIES LOAN INSURANCE AND FINANCING
• Ch. 1.: CHAPTER 1. Health Facility Construction Loan Insurance
• Art. 2.: ARTICLE 2. Insurable Loans and Applications Therefor

Text

The department may upon application of the borrower insure any loan that is eligible for insurance under this chapter, and upon the terms prescribed by the department, may make commitments for the insuring of the loans prior to their date of execution or disbursement thereon. The decision to grant loan insurance upon an application of the borrower is within the discretion of the director of the department. Showing need for the project or meeting the eligibility requirements for loan insurance and establishing financial feasibility of the project or recommendation for approval from the committee does not create any entitlement to loan insurance.

Legislative History

Amended by Stats. 2021, Ch. 143, Sec. 247. (AB 133) Effective July 27, 2021.