§ 987.655
83 words·~1 min read·
/ca/military-and-veterans-code/987-655·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For a mobilehome which is to be sited in a mobilehome park as defined in Section 18214 of the Health and Safety Code, the department shall charge a rate of interest higher than that which is charged to purchasers of conventional housing or of a mobilehome sited on a lot owned by the purchaser. The interest rate shall be set by the department to balance lending risk while maintaining a rate at or below the market rate for a mobilehome in a park.