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HomeHealth and Safety CodeDiv. 31Pt. 3Ch. 4§ 51053 Mortgage Lender Contracts

§ 51053 Mortgage Lender Contracts

Health and Safety Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 51053 Mortgage Lender Contracts

Key Takeaways

  • •The agency can work with banks or lenders to help people get loans for homes, building houses, or fixing up property.
  • •The agency can also pay these banks or lenders for their help or services.
  • •The agency only pays what is fair for the services they get.

Example

You want to buy a house but need a loan to do it.

The agency can team up with your bank to help you get that loan. They can also pay the bank a fair amount for helping you and the agency.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 51053 Mortgage Lender Contracts

The agency may make and execute contracts with qualified mortgage lenders for the initiation or servicing of mortgage loans, construction loans, property improvement loans, or development loans made or acquired by the agency pursuant to this part or for other services rendered to the agency. The agency may pay the reasonable value of services rendered to the agency pursuant to such contracts. (Amended by Stats. 1979, Ch. 1207.)

Last verified: January 24, 2026

Key Terms

contractpropertymortgageconstructiondevelopmentthe californiainitiationimprovement

Related Statutes

  • § 51054 Housing Development Loan Authority
  • § 51055 Loan Purchase And Sale
  • § 51056 Loan Charge And Amount Limits
  • § 50951 Low-Income Housing Requirements
  • § 51100 Housing Development Loan Limits

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 51053.
View Official Source