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HomeHealth and Safety CodeDiv. 31Pt. 3Ch. 5Art. 2§ 51128 Mortgage Obligation Sales Rules

§ 51128 Mortgage Obligation Sales Rules

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

§ 51128 Mortgage Obligation Sales Rules

Key Takeaways

  • •The government can sell mortgage loans and securities in different ways.
  • •They can sell them publicly or privately, with or without bidding.
  • •They can sell directly or hire a private company to help with the sale.

Example

Imagine the government has a bunch of home loans they want to sell.

They can choose to sell these loans at an auction where people bid on them, or they can sell them quietly to a bank without any bidding. They can even hire a company to help them find buyers.

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

Official Source
View on CA.gov

§ 51128 Mortgage Obligation Sales Rules

Sales of mortgage obligations and securities pursuant to this article may be made at public or private sale, with or without public bidding, whether directly or through a contract with a private marketing intermediary. (Added by Stats. 1977, Ch. 610.)

Last verified: January 24, 2026

Key Terms

contractmortgagesecuritiesobligation

Related Statutes

  • § 51125 Housing Loan Investments
  • § 128385 Nurse Education Service Agreement
  • § 51126 Mortgage-Backed Housing Financing
  • § 51205 Housing Sponsor Enforcement Actions
  • § 78875 Emergency Hazardous Substance Response

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 51128.
View Official Source