California Statutes
§ 51683. — 51683. (Added by Stats. 1993, Ch. 115, Sec. 4.)
California § 51683.
JurisdictionCalifornia
Code HSCHealth and Safety Code - HSC
Div. 31.DIVISION 31. HOUSING AND HOME FINANCE
Part 4.PART 4. BOND AND LOAN INSURANCE
Ch. 6.CHAPTER 6. Loan Loss Guarantee Program
This text of California § 51683. (51683. (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 § 51683. (2026).
Text
The agency may issue a loan loss guarantee in the amount of 25 percent of the actual loss of a loan guaranteed under this section. The fund may not guarantee any loan loss in excess of the amount of permanent loan financing for the property. No guarantee shall be made for a property which does not have a binding, unconditional, permanent financing commitment from a lender acceptable to the agency, nor for a property in which the owner has less than a 20-percent equity interest.
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Legislative History
Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993. Conditionally inoperative as provided in Section 51687.
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Bluebook (online)
California § 51683., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/51683..