California § 50199. 50199. (Added by Stats. 1985, Ch. 1399, Sec. 7.5.)

California Statutes

§ 50199. — 50199. (Added by Stats. 1985, Ch. 1399, Sec. 7.5.)

California·Code HSC Health and Safety Code - HSC·Div. 31. DIVISION 31. HOUSING AND HOME FINANCE·Part 1. PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS·Ch. 3.5. CHAPTER 3.5. Qualified Mortgage Bonds And Mortgage Credit Certificates·Art. 2. ARTICLE 2. Mortgage Credit Certificates

Notwithstanding any other provision of law, after a list of lenders has been completed by an issuer, after the qualified mortgage bond allocation has been approved by the committee, and after the issuer has made the election to exchange all or part of the issuer’s authority to issue qualified mortgage bonds for authority to issue mortgage credit certificates, the issuer and its lenders shall have 90 days after the allocation is granted by the committee to establish, and file with the committee, a mortgage credit certificate program.

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Notwithstanding any other provision of law, after a list of lenders has been completed by an issuer, after the qualified mortgage bond allocation has been approved by the committee, and after the issuer has made the election to exchange all or part of the issuer’s authority to issue qualified mortgage bonds for authority to issue mortgage credit certificates, the issuer and its lenders shall have 90 days after the allocation is granted by the committee to establish, and file with the committee, a mortgage credit certificate program.

California § 50199. (50199. (Added by Stats. 1985, Ch. 1399, Sec. 7.5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.