{"code":"HSC","codeName":"Health and Safety Code","section":"51176","citation":"Health & Saf. Code, § 51176","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 3. CALIFORNIA HOUSING FINANCE AGENCY [50900. - 51532.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-3"},{"name":"CHAPTER 5. Financing of Housing Developments and Residential Structures [51100. - 51252.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-3/chapter-5"},{"name":"ARTICLE 4. Lender of Last Resort [51175. - 51177.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-3/chapter-5/article-4"}],"history":"Amended by Stats. 1981, Ch. 1031.","effective":null,"html":"<p>In rural mortgage areas the agency may make and undertake commitments to make construction loans and mortgage loans to finance owner-occupied residential structures without the participation of a qualified mortgage lender if no qualified mortgage lender will participate in financing such residential structures as provided in Article 2 (commencing with Section <a href=\"/hsc/51125\">51125</a>) or Article 3 (commencing with Section <a href=\"/hsc/51150\">51150</a>) of this chapter, or if the board determines that the agency can initiate or service loans directly at less cost than through use of a qualified mortgage lender.</p>","text":"In rural mortgage areas the agency may make and undertake commitments to make construction loans and mortgage loans to finance owner-occupied residential structures without the participation of a qualified mortgage lender if no qualified mortgage lender will participate in financing such residential structures as provided in Article 2 (commencing with Section 51125) or Article 3 (commencing with Section 51150) of this chapter, or if the board determines that the agency can initiate or service loans directly at less cost than through use of a qualified mortgage lender.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/lender-of-last-resort-51176","source":"California Legislative Information bulk export (pubinfo)"}