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 § 50199.

JurisdictionCalifornia

Code HSCHealth 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

This text of California § 50199. (50199. (Added by Stats. 1985, Ch. 1399, Sec. 7.5.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Health and Safety Code - HSC Code § 50199. (2026).

Text

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.