BlackletterCalifornia law

Health and Safety Code § 51481

CHAPTER 10. Multifamily Housing

Current as of September 28, 2026Health & Saf. Code, § 51481Official source ↗

Added by Stats. 1990, Ch. 577, Sec. 1. Effective September 5, 1990.

Mortgages made by the agency under authority of this chapter shall be secured by a first deed of trust, or by a deed of trust junior to a first deed of trust if it is necessary to accomplish the purposes of this chapter. Except as otherwise specified in this chapter, the principal amount of, and the conditions of mortgage loans, shall be determined by the board.