{"code":"HSC","codeName":"Health and Safety Code","section":"50197.7","citation":"Health & Saf. Code, § 50197.7","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]","url":"https://blackletter.si/health-and-safety-code/division-31"},{"name":"PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS [50000. - 50300.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-1"},{"name":"CHAPTER 3.5. Qualified Mortgage Bonds And Mortgage Credit Certificates [50172. - 50199.2.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-1/chapter-3.5"},{"name":"ARTICLE 2. Mortgage Credit Certificates [50197.1. - 50199.2.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-1/chapter-3.5/article-2"}],"history":"Added by Stats. 1985, Ch. 1399, Sec. 7.5.   Effective October 1, 1985.","effective":"1985-10-01","html":"<p>If an issuer elects to exchange all or part of a supplementary allocation of qualified mortgage bonds for authority to issue mortgage credit certificates, the issuance of those mortgage credit certificates shall be subject to the restriction imposed by subdivision (b) of Section 50189.</p>","text":"If an issuer elects to exchange all or part of a supplementary allocation of qualified mortgage bonds for authority to issue mortgage credit certificates, the issuance of those mortgage credit certificates shall be subject to the restriction imposed by subdivision (b) of Section 50189.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/mortgage-credit-certificates-50197-7","source":"California Legislative Information bulk export (pubinfo)"}