California Statutes
§ 52510. — 52510. (Added by Stats. 1982, Ch. 320, Sec. 12.)
California § 52510.
JurisdictionCalifornia
Code HSCHealth and Safety Code - HSC
Div. 31.DIVISION 31. HOUSING AND HOME FINANCE
Part 6.PART 6. CALIFORNIA FIRST-TIME HOME BUYERS
Ch. 2.CHAPTER 2. Buy-Down Mortgage Plan
This text of California § 52510. (52510. (Added by Stats. 1982, Ch. 320, Sec. 12.)) 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 § 52510. (2026).
Text
The agency may contract with qualified mortgage lenders with respect to mortgage loans qualified under this part to pay to such lenders, subject to the provisions of Section 52513, a sum of money as consideration for a reduction of the effective interest cost to the purchaser of an owner-occupied housing unit below market interest rates.
The buy-down mortgage program conducted under this part may be applicable to and include mortgage revenue bond financed programs. With respect to mortgage revenue bond financed programs, “market interest rate” means the effective mortgage interest rate to the borrower without the buy-down authorized by this part.
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Legislative History
Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.
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Bluebook (online)
California § 52510., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/52510..