All payments to the agency by the borrower on any note executed pursuant to Section 52514 shall be considered payments of interest for the purposes of Section 17230 of the Revenue and Taxation Code.
Cal. Health & Safety Code § 52514.5
Buy-Down Mortgage Plan
Known as the Cal-First Home Buyers Act
The act spans §§ 52500–52533 (21 sections).
Amended by Stats. 1999, Ch. 987, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.