Any contract of insurance executed by the department under this chapter shall be conclusive evidence of the eligibility of the loan for insurance and the validity of any contract of insurance so executed shall be incontestable from the date of the execution of the contract, except in case of fraud or misrepresentation on the part of the lender.
Cal. Health & Safety Code § 129110
Insurable Loans and Applications Therefor
Known as the California Health Facility Construction Loan Insurance Law
The act spans §§ 129000 to 129335 (61 sections).
Amended by Stats. 2021, Ch. 143, Sec. 248
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.