California Code
DIVISION 31 - HOUSING AND HOME FINANCE
PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION

CHAPTER 1 - Legislative Findings and Intent

Section 53000. - 53000. This part may be cited as the Solar and...

Section 53001. - 53001. The Legislature hereby determines that: (a) There is a...

Section 53002. - 53002. The Legislature further declares its intention that the provisions...

CHAPTER 2 - Definitions

Section 53050. - 53050. Unless the context otherwise requires and so stipulates, the...

Section 53052. - 53052. “Corporation” means the Solar and Energy Conservation Mortgage Corporation,...

Section 53054. - 53054. “Energy conservation measure” means any one or more of...

Section 53056. - 53056. “Financial institution” means any commercial bank, trust company, savings...

Section 53058. - 53058. “Financing” means to lend money for the purpose of...

Section 53060. - 53060. “Holder-in-due course,” means the purchaser of a loan or...

Section 53062. - 53062. “Structural improvements” means alterations or additions to a designated...

CHAPTER 3 - Purpose and Organization

Section 53100. - 53100. The corporation created by this part shall be known...

Section 53101. - 53101. The Solar and Energy Conservation Mortgage Corporation is hereby...

Section 53102. - 53102. The corporation shall have common stock, without par value,...

Section 53103. - 53103. The board of directors of the corporation shall consist...

Section 53104. - 53104. The members of the board shall annually elect a...

Section 53105. - 53105. In order to expedite the startup of the corporation,...

Section 53106. - 53106. On or before February 1, 1982, the Governor, the...

Section 53108. - 53108. For the purposes set forth in this chapter, the...

Section 53109. - 53109. For the purposes set forth in this chapter, the...

Section 53110. - 53110. Any financial institution may apply to the corporation to...

Section 53111. - 53111. Any purchases of loans made by the corporation pursuant...

Section 53112. - 53112. Any mortgage trust certificates, mortgage-backed bonds, mortgage-backed passthrough certificates,...

Section 53113. - 53113. The corporation may accept and administer grants, subsidies, loans,...