ARTICLE 3. Defaults
Article 3 added by Stats. 1995, Ch. 415, Sec. 9.
§§ 129125–129174.1 · 15 sections
- § 129125 In any case when the lender under a loan to a nonprofit corporation insured under this chapter shall have foreclosed and taken possession of the property under…
- § 129130 In any case when a political subdivision defaults on the payment of interest or principal accrued and due on bonds or other evidences of indebtedness insured…
- § 129135 Notwithstanding any requirement contained in this chapter relating to acquisition of title and possession of the project property by the lender and its…
- § 129140 Upon receiving notice of the default of any loan insured under this chapter, the department, in its discretion and for the purpose of avoiding foreclosure…
- § 129145 Notwithstanding any other provision of this chapter, after the department determines that the lender and borrower have exhausted all reasonable means of curing…
- § 129150 The department may at any time, under the terms and conditions that it may prescribe, consent to the lender’s release of the borrower from its liability under…
- § 129152 If a borrower fails to submit a required report, or upon any other default of any regulatory or contractual term or covenant, whether or not a default has been…
- § 129155 Debentures issued under this chapter shall be in the form and denomination, subject to the terms and conditions, and include provisions for redemption, if any,…
- § 129160 (a) (1) All debentures issued under this chapter to any lender or bondholder shall be executed in the name of the fund as obligor, shall be signed by the…
- § 129165 Notwithstanding any other provision of law relating to the acquisition, management or disposal of real property by the state, the department shall have power…
- § 129170 No lender or borrower shall have any right or interest in any property conveyed to the department or in any claim assigned to it, nor shall the department owe…
- § 129172 Notwithstanding any other provision of law, if, prior to foreclosing on any collateral provided by a borrower, the department institutes a judicial proceeding…
- § 129173 (a) In fulfilling the purposes of this article, as set forth in Section 129005, and upon making a determination that the financial status of a borrower may…
- § 129174 (a) In the event a borrower has defaulted in making its payments on the loan insured by the department to the lender or the borrower’s bond trustee, at any…
- § 129174.1 In the event an obligor on a loan insured by the department is the subject of an order for relief in bankruptcy and that a plan has been proposed for…