Statute · California Health and Safety Code
Cal. Health & Safety Code § 51126 — Loans Through Intermediary Lenders and Mortgage Purchase and Sale
Cal. Health & Safety Code § 51126
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The agency may invest in, purchase, or make commitments to purchase any residential mortgage or any obligation secured by a residential mortgage or participation therein, and sell such obligations, residential mortgages, or participations or create pools of such obligations, residential…
Citator
Cal. Health & Safety Code § 51126 — Loans Through Intermediary Lenders and Mortgage Purchase and Sale is in force in the current edition of the Code, and nothing recorded condemns it.
The agency may invest in, purchase, or make commitments to purchase any residential mortgage or any obligation secured by a residential mortgage or participation therein, and sell such obligations, residential mortgages, or participations or create pools of such obligations, residential mortgages, or participations held by the agency and issue and sell securities backed by such pools. The agency shall require the seller of such obligations, residential mortgages, or participations purchased by the agency to use the proceeds for the purpose of financing housing developments and residential structures.