§ 51481
66 words·~1 min read·
/ca/health-and-safety-code/51481A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Mortgages made by the agency under authority of this chapter shall be secured by a first deed of trust, or by a deed of trust junior to a first deed of trust if it is necessary to accomplish the purposes of this chapter. Except as otherwise specified in this chapter, the principal amount of, and the conditions of mortgage loans, shall be determined by the board.