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/§ 51182.
California Statutes

§ 51182. — 51182. (Added by Stats. 1982, Ch. 1448, Sec. 1.)

California § 51182.
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 § 51182. (51182. (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 § 51182. (2026).

Text

The agency shall determine the manner in which subordinated loans are to be repaid. Potential methods of repayment may include, but not be limited to:

(a)An interest payment of 3 percent to be made from the positive cash flows of the project before payment to any other equity investor or mortgage loan holder is made.
(b)Repayment upon conversion or the term of the bond, whichever is less, to the state, including an interest payment of 3 percent.

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Legislative History

Added by Stats. 1982, Ch. 1448, Sec. 1.
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California § 51182., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/51182..