GroundRules
HSC § 53060
Where this section sits in the code
- Health and Safety Code - HSC
- DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]
- PART 7. SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION [53000. - 53113.]
- CHAPTER 2. Definitions [53050. - 53062.]
“Holder-in-due course,” means the purchaser of a loan or loans from a financial institution that participates in, arranges, or finances a loan pursuant to the provisions of this part, and who takes the loan instrument:
(a) For value;
(b) In good faith; and
(c) Without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person.
Collected 2026-09-14T05:56:33Z. Source file · JSON