§ 50086
56 words·~1 min read·
/ca/health-and-safety-code/50086A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Mortgage loan” means a loan that is secured by a mortgage and is made for financing, including refinancing of existing mortgage obligations, to create or preserve the long-term affordability of a housing development or a residential structure in the state, or a buy-down mortgage loan secured by a mortgage, of an owner-occupied unit in this state.