California Statutes
§ 51659. — 51659. (Repealed and added by Stats. 1993, Ch. 115, Sec. 4.)
California § 51659.
JurisdictionCalifornia
Code HSCHealth and Safety Code - HSC
Div. 31.DIVISION 31. HOUSING AND HOME FINANCE
Part 4.PART 4. BOND AND LOAN INSURANCE
Ch. 4.CHAPTER 4. Loan Insurance
This text of California § 51659. (51659. (Repealed and added by Stats. 1993, Ch. 115, Sec. 4.)) 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 § 51659. (2026).
Text
In the event of a default on an insured loan not secured by a first mortgage, the agency may, in lieu of proceeding under Section 51658, acquire the insured loan and any security therefor upon payment to the approved lending institution of an amount equal to the unpaid principal balance of the loan, accrued interest, and other costs that the agency finds are fair, reasonable, and authorized.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.
Cite This Page — Counsel Stack
Bluebook (online)
California § 51659., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/51659..