California Statutes
§ 51176. — 51176. (Amended by Stats. 1981, Ch. 1031.)
California·Code HSC Health and Safety Code - HSC·Div. 31. DIVISION 31. HOUSING AND HOME FINANCE·Part 3. PART 3. CALIFORNIA HOUSING FINANCE AGENCY·Ch. 5. CHAPTER 5. Financing of Housing Developments and Residential Structures·Art. 4. ARTICLE 4. Lender of Last Resort
In rural mortgage areas the agency may make and undertake commitments to make construction loans and mortgage loans to finance owner-occupied residential structures without the participation of a qualified mortgage lender if no qualified mortgage lender will participate in financing such residential structures as provided in Article 2 (commencing with Section 51125) or Article 3 (commencing with Section 51150) of this chapter, or if the board determines that the agency can initiate or service loans directly at less cost than through use of a qualified mortgage lender.
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California § 51176. (51176. (Amended by Stats. 1981, Ch. 1031.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1981, Ch. 1031.