California Code
DIVISION 31 - HOUSING AND HOME FINANCE
PART 4 - BOND AND LOAN INSURANCE

CHAPTER 1 - General Provisions and Definitions

Section 51600. - 51600. The Legislature finds and declares as follows: (a) For...

Section 51601. - 51601. It is the intent of the Legislature in enacting...

Section 51601.5. - 51601.5. The Legislature finds and declares the following: The California...

Section 51602. - 51602. (a) The agency shall require that occupancy of housing...

CHAPTER 2 - Administration

Section 51610. - 51610. (a) The agency shall, with respect to the implementation...

Section 51611. - 51611. (a) The California Housing Loan Insurance Fund is hereby...

Section 51614. - 51614. (a) The agency is hereby vested with full power,...

Section 51615. - 51615. (a) Division 10 (commencing with Section 7920.000) of Title...

Section 51616. - 51616. The state shall not be liable beyond the assets...

Section 51620. - 51620. In conducting the business and affairs of the insurance...

Section 51622. - 51622. (a) The agency may contract with any private person...

Section 51623. - 51623. (a) The California Housing Loan Insurance Fund, as provided...

Section 51624. - 51624. The agency shall prepare a preliminary budget for the...

Section 51625. - 51625. (a) The agency shall cause all moneys in the...

Section 51626. - 51626. The insurance fund shall be organized as a public...

Section 51627. - 51627. The assets of the insurance fund shall be applicable...

Section 51628. - 51628. The agency shall, after a reasonable time during which...

Section 51632. - 51632. Claims arising out of activities of the agency on...

Section 51636. - 51636. Except as provided in this part, the agency, on...

Section 51637. - 51637. With respect to the administration of the insurance fund,...

Section 51639. - 51639. The agency shall establish reserve accounts for unearned premiums,...

Section 51640. - 51640. There is hereby continued in existence a bond insurance...

Section 51641. - 51641. The agency may create other accounts within the insurance...

Section 51642. - 51642. (a) The obligation of the agency and of the...

Section 51643. - 51643. The agency shall not be required to pay any...

Section 51643.5. - 51643.5. (a) The agency shall be subject to, and comply...

CHAPTER 3 - Program Priorities

Section 51645. - 51645. The agency shall establish priorities for the allocation of...

Section 51647. - 51647. The agency shall establish and maintain separate accounts in...

Section 51648. - 51648. While maintaining the actuarial soundness of the fund, the...

CHAPTER 4 - Loan Insurance

Section 51650. - 51650. (a) (1) To be qualified for loan insurance, a...

Section 51651. - 51651. (a) The agency shall specify the percentage of the...

Section 51652. - 51652. Loans insured under this part shall meet all of...

Section 51653. - 51653. Notwithstanding any other provision of law, any rental housing...

Section 51654. - 51654. The agency may provide insurance pursuant to this part...

Section 51655. - 51655. Subject to this part, the agency may insure or...

Section 51656. - 51656. Notwithstanding any other provision of this part, the agency...

Section 51657. - 51657. (a) The agency shall establish, and may from time...

Section 51658. - 51658. (a) The agency shall establish procedures to be followed...

Section 51659. - 51659. In the event of a default on an insured...

Section 51660. - 51660. The agency may initiate programs of coinsurance or reinsurance...

Section 51661. - 51661. The agency may provide for, and require attendance at,...

Section 51662. - 51662. The agency may commence any action to protect or...

CHAPTER 5 - Bond Insurance

Section 51670. - 51670. (a) The agency may insure bonds issued by state...

Section 51671. - 51671. The agency may insure bonds pursuant to this chapter...

CHAPTER 6 - Loan Loss Guarantee Program

Section 51680. - 51680. The agency may administer a loan loss guarantee program...

Section 51681. - 51681. (a) Except as provided in subdivision (b), the agency...

Section 51683. - 51683. The agency may issue a loan loss guarantee in...

Section 51684. - 51684. (a) The agency shall collect a premium for a...

Section 51685. - 51685. Moneys transferred to the insurance fund under this section...

Section 51685.5. - 51685.5. (a) Notwithstanding any other provision of law, the California...

Section 51686. - 51686. In addition to the powers expressly granted by this...

Section 51687. - 51687. This chapter shall be inoperative if moneys are not...