GroundRules
HSC § 51176
Where this section sits in the code
- Health and Safety Code - HSC
- DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]
- PART 3. CALIFORNIA HOUSING FINANCE AGENCY [50900. - 51532.]
- CHAPTER 5. Financing of Housing Developments and Residential Structures [51100. - 51252.]
- ARTICLE 4. Lender of Last Resort [51175. - 51177.]
In rural mortgage areas the agency may make and undertake commitments to make construction loans and mortgage loans to finance owner-occupied residential structures without the participation of a qualified mortgage lender if no qualified mortgage lender will participate in financing such residential structures as provided in Article 2 (commencing with Section 51125) or Article 3 (commencing with Section 51150) of this chapter, or if the board determines that the agency can initiate or service loans directly at less cost than through use of a qualified mortgage lender.
Collected 2026-09-14T05:56:33Z. Source file · JSON