California Health and Safety Code 50197.3 – A mortgage credit certificate may be issued under a mortgage credit …
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A mortgage credit certificate may be issued under a mortgage credit certificate program by a local agency pursuant to this chapter and the federal act, as defined by paragraph (2) of subdivision (f) of Section 50176.
(Added by Stats. 1985, Ch. 1399, Sec. 7.5. Effective October 1, 1985.)
Terms Used In California Health and Safety Code 50197.3
- Federal act: means , for purposes of mortgage credit certificates, Section 612 of the Tax Reform Act of 1984 (Public Law 98-369). See California Health and Safety Code 50172
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage credit certificate: means any certificate which does all of the following:
California Health and Safety Code 50172