California Health and Safety Code CHAPTER 6 - Loan Loss Guarantee Program

• Section 51680.
  The agency may administer a loan loss guarantee program in order to induce private lenders to make construction loans for seismic rehabilitation improvements which are...
• Section 51681.
  (a)  Except as provided in subdivision (b), the agency shall only issue rehabilitation loan loss guarantees on single-family homes or on buildings with five or...
• Section 51683.
  The agency may issue a loan loss guarantee in the amount of 25 percent of the actual loss of a loan guaranteed under this section....
• Section 51684.
  (a)  The agency shall collect a premium for a loan loss guarantee as provided in Section 51657. All premiums shall be deposited in the Seismic...
• Section 51685.
  Moneys transferred to the insurance fund under this section may be used to create reserves for loan loss guarantees authorized by this chapter and for...
• Section 51685.5.
  (a)  Notwithstanding any other provision of law, the California Housing Insurance Fund may borrow one million eight hundred thousand dollars ($1,800,000) from the Local Agency...
• Section 51686.
  In addition to the powers expressly granted by this chapter, the agency shall have all the powers granted under this part in administering this program...
• Section 51687.
  This chapter shall be inoperative if moneys are not transferred to the fund pursuant to Section 51685.5 for the purposes defined in Section 51680.(Added by...

Last modified: October 22, 2018