Public-domain · open source
OpenJurist

Cal. Health & Safety Code § 129175

Termination of Insurance

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. 264

Should a borrower be more than 10 days delinquent in paying the premium charges or inspection fees for insurance under this chapter, the department shall notify the borrower in writing. If that payment remains delinquent more than 30 days after the sending of the department’s notice to the borrower, the department shall make every reasonable effort to notify the lender in writing. If that delinquency continues, on the 31st day after sending of the department’s notice to the lender, the insurance shall be terminated and become null and void.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.