California Health and Safety Code 50198.5 – An issuer shall develop and maintain a list of lenders that have …
Current as of: 2024 | Check for updates
|
Other versions
An issuer shall develop and maintain a list of lenders that have entered into an agreement with the issuer who will make loans to qualified holders of mortgage credit certificates, as provided by the federal act, as defined by paragraph (2) of subdivision (g) of Section 50176.
(Added by Stats. 1985, Ch. 1399, Sec. 7.5. Effective October 1, 1985.)
Terms Used In California Health and Safety Code 50198.5
- 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
- Issuer: means a state agency or local agency and includes a redevelopment agency, housing authority or other local entity, authorized by state law to issue qualified mortgage bonds, to which the committee has assigned an allocation under this chapter. See California Health and Safety Code 50172
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.