California Health and Safety Code CHAPTER 4 - Loan Insurance

• Section 51650.
  (a)  (1)  To be qualified for loan insurance, a borrower shall be, or by reason of a loan insured pursuant to this part shall become,...
• Section 51651.
  (a)  The agency shall specify the percentage of the outstanding principal indebtedness that may be insured under this part with respect to each category of...
• Section 51652.
  Loans insured under this part shall meet all of the following requirements:(a)  The loans shall be made for a period acceptable to the agency not...
• Section 51653.
  Notwithstanding any other provision of law, any rental housing development which is financed from mortgages insured pursuant to this part is exempt from both of...
• Section 51654.
  The agency may provide insurance pursuant to this part for all of the following:(a)  Loans for residential structures that will be occupied primarily by persons...
• Section 51655.
  Subject to this part, the agency may insure or guarantee loans made by qualified mortgage lenders for the purposes described in Section 51320.(Repealed and added...
• Section 51656.
  Notwithstanding any other provision of this part, the agency may establish a program of insuring reverse mortgages as authorized by resolution of the board.(Repealed and...
• Section 51657.
  (a)  The agency shall establish, and may from time to time revise, after public hearings, a schedule of insurance premium rates. The premiums may vary...
• Section 51658.
  (a)  The agency shall establish procedures to be followed by approved lending institutions in the event of default on a loan insured under this part....
• Section 51659.
  In the event of a default on an insured loan not secured by a first mortgage, the agency may, in lieu of proceeding under Section...
• Section 51660.
  The agency may initiate programs of coinsurance or reinsurance with, and may procure reinsurance from, any state agency, local agency, agency of the United States,...
• Section 51661.
  The agency may provide for, and require attendance at, homeownership counseling and training courses as a condition to the insurance of loans for the purchase...
• Section 51662.
  The agency may commence any action to protect or enforce any right conferred upon it by any law, mortgage, contract of insurance, or any other...

Last modified: October 22, 2018