California Health and Safety Code ARTICLE 4 - Lender of Last Resort

• Section 51175.
  Except as provided in this article, the agency shall not make construction loans or first mortgage loans for the purpose of financing owner-occupied residential structures...
• Section 51176.
  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...
• Section 51177.
  The agency may make and undertake commitments to make construction loans and mortgage loans to finance residential structures without the participation of a qualified mortgage...

Last modified: October 22, 2018