California Health and Safety Code ARTICLE 2 - Mortgage Credit Certificates

• Section 50197.1.
  An issuer may establish a mortgage credit certificate program pursuant to this article.(Added by Stats. 1985, Ch. 1399, Sec. 7.5. Effective October 1, 1985.)
• Section 50197.2.
  (a)  An issuer shall notify the committee if the issuer elects to exchange all or part of the issuer’s authority to issue qualified mortgage bonds...
• Section 50197.3.
  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,...
• Section 50197.5.
  Any local agency may, upon the approval of the California Debt Limit Allocation Committee pursuant to subdivision (d) of Section 8869.85 of the Government Code,...
• Section 50197.7.
  If an issuer elects to exchange all or part of a supplementary allocation of qualified mortgage bonds for authority to issue mortgage credit certificates, the...
• Section 50198.
  The requirement that public notice be given that mortgage credit certificates will be issued, prescribed by Section 25(e)(5) of Title 25 of the United States...
• Section 50198.5.
  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...
• Section 50199.
  Notwithstanding any other provision of law, after a list of lenders has been completed by an issuer, after the qualified mortgage bond allocation has been...
• Section 50199.2.
  Any issuer that establishes a mortgage credit certificate program may charge a fee which is reasonably sufficient to cover the costs of administering that program.(Added...

Last modified: October 22, 2018