§ 51150
44 words·~1 min read·
/ca/health-and-safety-code/51150A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.