Home/California/Statutes/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. 4.5.: ARTICLE 4.5. Subordinated Mortgage Loans/§ 51180.
California Statutes

§ 51180. — 51180. (Added by Stats. 1982, Ch. 1448, Sec. 1.)

California § 51180.
JurisdictionCalifornia
Code HSCHealth 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. 4.5.ARTICLE 4.5. Subordinated Mortgage Loans

This text of California § 51180. (51180. (Added by Stats. 1982, Ch. 1448, Sec. 1.)) 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 § 51180. (2026).

Text

As used in this article:

(a)“Subordinated loan” means a deferred payment mortgage loan, which is a second trust deed used in connection with other financing from the agency for the purpose of making the development of housing feasible where it would not be feasible without such loan. No loan shall be made pursuant to this article unless it is secured by a second trust deed.
(b)“Local agency” means a city, county, city and county, redevelopment agency, or housing authority.

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Legislative History

Added by Stats. 1982, Ch. 1448, Sec. 1.
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Bluebook (online)
California § 51180., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/51180..