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HomeHealth and Safety CodeDiv. 31Pt. 3Ch. 5Art. 3§ 51150 Mortgage Lender Housing Loans

§ 51150 Mortgage Lender Housing Loans

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

§ 51150 Mortgage Lender Housing Loans

Key Takeaways

  • •The government can give money to banks or lenders.
  • •This money must be used to help people build or buy homes.
  • •The banks can't use this money for anything else.

Example

A bank gets money from the government to help people buy houses.

The bank must use this money only for home loans, like helping a family buy their first house. They can't use it for other things like cars or businesses.

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

Official Source
View on CA.gov

§ 51150 Mortgage Lender Housing Loans

The agency may make loans to qualified mortgage lenders under terms and conditions requiring the proceeds thereof to be used by such mortgage lenders for the purpose of making construction loans and mortgage loans for the purpose of financing housing developments and residential structures. (Amended by Stats. 1981, Ch. 1031.)

Last verified: January 24, 2026

Key Terms

mortgageconstruction

Related Statutes

  • § 51152 Mortgage Lender Loan Agreements
  • § 17980 Building Violation Enforcement
  • § 17980.2 Receiver Lien Notification Requirements
  • § 17980.3 Receiver Powers And Duties
  • § 51100 Housing Development Loan Limits

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 51150.
View Official Source