Public-domain · open source
OpenJurist

Cal. Health & Safety Code § 50198

Mortgage Credit Certificates

Known as the Zenovich-Moscone-Chacon Housing and Home Finance Act

The act spans §§ 50000–54913 (995 sections).

Added by Stats. 1985, Ch. 1399, Sec. 7.5

The requirement that public notice be given that mortgage credit certificates will be issued, prescribed by Section 25(e)(5) of Title 25 of the United States Code, may be satisfied by the issuer or its lenders advertising their issuance at least 90 days prior to the issuance of any mortgage credit certificate. If an issuer is required to file an application with the committee for a qualified mortgage bond allocation, it may commence advertising for the issuance of a mortgage credit certificate on the day it files its application with the committee.

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