Statute · California Health and Safety Code
Cal. Health & Safety Code § 51176 — Lender of Last Resort
Cal. Health & Safety Code § 51176
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Health & Safety Code § 51176 — Lender of Last Resort is in force in the current edition of the Code, and nothing recorded condemns it.
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.