California Statutes
§ 50862.5. — 50862.5. (Amended by Stats. 2007, Ch. 596, Sec. 17.5.)
California § 50862.5.
JurisdictionCalifornia
Code HSCHealth and Safety Code - HSC
Div. 31.DIVISION 31. HOUSING AND HOME FINANCE
Part 2.PART 2. DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Ch. 14.5.CHAPTER 14.5. Building Equity and Growth in Neighborhoods Program
This text of California § 50862.5. (50862.5. (Amended by Stats. 2007, Ch. 596, Sec. 17.5.)) 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 § 50862.5. (2026).
Text
Downpayment assistance provided pursuant to this chapter shall be in the form of a second mortgage loan. The maximum amount of the loan shall be set in the current Notice of Funding Availability (NOFA), but in no case shall the loan exceed 20 percent of the sale price of the residence. The loan shall accrue simple interest.
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Legislative History
Amended by Stats. 2007, Ch. 596, Sec. 17.5. Effective January 1, 2008.
Nearby Sections
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Bluebook (online)
California § 50862.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/50862.5..