California Health and Safety Code 52015.5 – “Mortgagor” means a person or persons who have received a home …
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“Mortgagor” means a person or persons who have received a home mortgage on a home and who are deemed by the City of Gardena under this part to be either a person or family of low or moderate income or a first-time homebuyer, who is unable to pay the amounts at which unassisted private enterprise is providing suitable, decent, safe, and sanitary housing.
(Added by Stats. 1990, Ch. 1297, Sec. 4.)
Terms Used In California Health and Safety Code 52015.5
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Health and Safety Code 19