reglab/housing_qa huggingface dataset:
CA Health & Safety Code § 51627 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51627.

51627.  The assets of the insurance fund shall be applicable to the payment of losses sustained on account of insurance and to the payment of the salaries and other expenses charged against it in accordance with this part.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51628 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51628.

51628.  The agency shall, after a reasonable time during which it may establish a business, be competitive with other insurers, and it is the intent of the Legislature that the insurance fund shall ultimately become neither more nor less than self-supporting. However, this section shall not be construed to preclude the insurance fund from operating in a manner that will permit the agency to create additional reserves from operations in order that the agency can maximize its insurance capacity.(Amended by Stats. 2003, Ch. 553, Sec. 5. Effective January 1, 2004.)
CA Health & Safety Code § 51632 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51632.

51632.  Claims arising out of activities of the agency on behalf of the insurance fund pursuant to this part are exempted from the provisions of Part 3 (commencing with Section 900) of Division 3.6 of Title 1 of the Government Code.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51636 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51636.

51636.  Except as provided in this part, the agency, on behalf of the insurance fund pursuant to this part, shall not be subject to the provisions of the Government Code made applicable to state agencies generally or collectively, unless the section specifically names the fund as an agency to which the provision applies.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51637 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51637.

51637.  With respect to the administration of the insurance fund, the agency shall be subject to the provisions of Chapter 10.3 (commencing with Section 3512) of Division 4 of Title 1 of, and Division 5 (commencing with Section 18000) of Title 2 of, the Government Code, and any other personnel management provisions in law that are generally applicable to state employees. Notwithstanding subdivision (e) of Section 3513 of the Government Code, up to five positions of the insurance fund of the agency may be designated as managerial under Section 18801.1 of the Government Code. All other position designations in the insurance fund of the agency are subject to Sections 3513 and 18801.1 of the Government Code. In making these designations, consideration shall be given to the agency’s need and continued ability to attract and maintain qualified individuals within the insurance fund.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51639 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51639.

51639.  The agency shall establish reserve accounts for unearned premiums, losses, and potential catastrophic losses caused by economic cycles. The agency shall not cause sums to be withdrawn from the loan insurance reserve account in amounts which would reduce the moneys therein to less than the insurance reserve requirement, except as necessary to satisfy liabilities arising under contracts of loan insurance. In the event that the loan insurance reserve account is reduced to less than the insurance reserve requirement, the agency shall cease making commitments for, and contracts of, insurance until the loan insurance reserve account has been restored to satisfy that requirement.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51640 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51640.

51640.  There is hereby continued in existence a bond insurance reserve account in the insurance fund to secure commitments under contracts to insure bonds. The agency shall take all reasonable steps to ensure that the bond reserve account is continuously maintained at not less than the bond reserve requirement. The agency shall not cause sums to be withdrawn from the bond insurance reserve account in amounts which would reduce the moneys therein to less than the bond reserve requirement, except as necessary to satisfy liabilities arising under contracts of bond insurance. In the event that the bond insurance reserve account is reduced to less than the bond reserve requirement, the agency shall cease making contracts of bond insurance until the account has been restored to satisfy that requirement.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51641 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51641.

51641.  The agency may create other accounts within the insurance fund as it deems are necessary or convenient to carry out the purposes of this part.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51643 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51643.

51643.  The agency shall not be required to pay any tax or assessment on any property owned by the fund or upon the income therefrom.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51643.5 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 2 - Administration|Section 51643.5.

51643.5.  (a)  The agency shall be subject to, and comply with, the same reserve certification requirements as mortgage guaranty insurers who are licensed pursuant to Chapter 2A (commencing with Section 12640.01) of Part 6 of Division 2 of the Insurance Code. (b)  The agency shall not otherwise be subject to the Insurance Code with respect to the operation of the insurance fund, except as provided in this part. (Amended by Stats. 2003, Ch. 553, Sec. 7. Effective January 1, 2004.)
CA Health & Safety Code § 51645 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 3 - Program Priorities|Section 51645.

51645.  The agency shall establish priorities for the allocation of loan-insurance assistance in accordance with the purposes and general provisions of Chapter 2 (commencing with Section 50950) of Part 3 of this division and Article 6 (commencing with Section 51225) of Chapter 5 of Part 3 of this division, in compliance with the needs identified in the California Statewide Housing Plan, and as provided in this part.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51647 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 3 - Program Priorities|Section 51647.

51647.  The agency shall establish and maintain separate accounts in the insurance fund for a single-family mortgage guaranty insurance program and a multifamily residential mortgage guaranty insurance program. Each program shall be actuarially sound and shall be capitalized through separate insurance funds.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51648 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 3 - Program Priorities|Section 51648.

51648.  While maintaining the actuarial soundness of the fund, the agency shall make efforts to do both of the following:(a)  Equitably distribute insurance based on a regionalized basis, weighted in accordance with the geographic distribution of the state’s population. (b)  Focus on housing opportunities that benefit any of the following: (1)  Households with incomes at or below area median income. (2)  Households that require mortgages at or above 95 percent of the price of the home. (3)  Households that are participating in locally administered housing programs. (Amended by Stats. 2003, Ch. 553, Sec. 9. Effective January 1, 2004.)
CA Health & Safety Code § 51650 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51650.

51650.  (a)  (1)  To be qualified for loan insurance, a borrower shall be, or by reason of a loan insured pursuant to this part shall become, the owner of a multifamily rental housing development or a single-family residential structure for which an insured loan is authorized, and shall be able to bear the usual expenses of maintaining the housing development, development, or structure and repay the loan. (2)  To be qualified for loan insurance on a single-family residential housing unit, the borrower shall also do either of the following: (A)  Qualify as a person or family of low or moderate income, as that term is defined in Section 51603. (B)  Until January 1, 2011, otherwise meet the requirements for participation in an affordable housing program or product offered by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Association (Freddie Mac). (3)  The agency may, by resolution, establish additional requirements that it deems necessary to accomplish the purposes of this part. (b)  For the purpose of increasing the efficiency and minimizing the cost of the loan insurance program, the agency may insure or issue commitments to insure loans upon the certification of an officer of an approved lending institution that the borrower is qualified for loan insurance according to eligibility requirements specified by the agency. (c)  No later than January 1, 2009, the agency shall report to the chairs of the housing committees of the Senate and the Assembly on the types of programs that were offered pursuant to subparagraph (B) of paragraph (2) of subdivision (a). (Amended by Stats. 2003, Ch. 553, Sec. 10. Effective January 1, 2004.)
CA Health & Safety Code § 51651 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51651.

51651.  (a)  The agency shall specify the percentage of the outstanding principal indebtedness that may be insured under this part with respect to each category of loan authorized to be insured under this part. (b)  The agency may insure loans secured by mortgages or deeds of trust of first or second priority. (Amended by Stats. 2003, Ch. 553, Sec. 11. Effective January 1, 2004.)
CA Health & Safety Code § 51653 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51653.

51653.  Notwithstanding any other provision of law, any rental housing development which is financed from mortgages insured pursuant to this part is exempt from both of the following:(a)  Any local government prohibitions against condominium conversion any time after 10 years from the date a certificate of occupancy is issued. Any condominium conversion shall be made in accordance with the requirements of Article 2.5 (commencing with Section 66452.50) of Chapter 3 of Division 2 of Title 7 of the Government Code. (b)  Any rent control, except for units made available to lower income households as provided pursuant to subdivision (b) of Section 51226. (Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51654 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51654.

51654.  The agency may provide insurance pursuant to this part for all of the following:(a)  Loans for residential structures that will be occupied primarily by persons and families of low or moderate income. (b)  Loans for privately or publicly financed rental housing developments that will benefit lower income households. “Privately financed rental housing development,” as used in this subdivision, includes rental housing developments financed by local public entities, as defined in Section 50079. (c)  Loans that otherwise meet the requirements for participation in an affordable housing program or product offered by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Association (Freddie Mac). (Amended by Stats. 2003, Ch. 553, Sec. 13. Effective January 1, 2004.)
CA Health & Safety Code § 51655 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51655.

51655.  Subject to this part, the agency may insure or guarantee loans made by qualified mortgage lenders for the purposes described in Section 51320.(Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51656 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51656.

51656.  Notwithstanding any other provision of this part, the agency may establish a program of insuring reverse mortgages as authorized by resolution of the board.(Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51657 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51657.

51657.  (a)  The agency shall establish, and may from time to time revise, after public hearings, a schedule of insurance premium rates. The premiums may vary according to the category of the loan and the degree of risk related to the loan. Premiums shall be calculated in an amount which, when added to the other revenues of the insurance program, will be adequate to defray losses occasioned by defaults and the operating expenses of the program, to repay amounts advanced to the agency for purposes of this part, and gradually to expand the insurance availability of the program. Approved lending institutions shall remit premiums to the fund at intervals specified by the agency. (b)  The agency may prescribe other charges that it finds necessary, including service charges and appraisal, inspection, and other fees. (Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51658 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51658.

51658.  (a)  The agency shall establish procedures to be followed by approved lending institutions in the event of default on a loan insured under this part. The agency may require that, prior to submitting a claim, an approved lending institution shall foreclose or exercise a power of sale and take possession of the property or otherwise acquire title and possession of the property within the time specified by the agency. The agency may, upon submission of the claim, pursue one of the following alternatives: (1)  Pay the approved lending institution the benefit of the insurance. (2)  Upon conveyance to the agency of all the right, title, and interest of the approved lending institution in the foreclosed property and the assignment of all claims of the approved lending institution against the defaulting borrower to the agency, pay to the qualified mortgage lender the sum of the unpaid principal balance of the loan, foreclosure costs, accrued interest, and other costs defined by contract. (3)  Pay a partial claim prior to foreclosure by agreement with the insured. (b)  In any case in which the agency has insured only a portion of the outstanding principal indebtedness of a loan, it may further provide that not more than an equivalent percentage of the total accrued interest and costs shall be payable by the agency pursuant to this section in the event of a default. (Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51659 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51659.

51659.  In the event of a default on an insured loan not secured by a first mortgage, the agency may, in lieu of proceeding under Section 51658, acquire the insured loan and any security therefor upon payment to the approved lending institution of an amount equal to the unpaid principal balance of the loan, accrued interest, and other costs that the agency finds are fair, reasonable, and authorized.(Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51660 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51660.

51660.  The agency may initiate programs of coinsurance or reinsurance with, and may procure reinsurance from, any state agency, local agency, agency of the United States, or private mortgage insurer in order to accomplish more effectively the purposes of this part. The agency may coinsure or reinsure loans made or originated by approved lending institutions which are otherwise insurable under this part.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51661 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51661.

51661.  The agency may provide for, and require attendance at, homeownership counseling and training courses as a condition to the insurance of loans for the purchase or refinancing of residential structures under this part.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51662 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 4 - Loan Insurance|Section 51662.

51662.  The agency may commence any action to protect or enforce any right conferred upon it by any law, mortgage, contract of insurance, or any other agreement. The agency may bid for and purchase property sold in satisfaction thereof at any foreclosure or other sale or may otherwise acquire and take possession of that property.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51670 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 5 - Bond Insurance|Section 51670.

51670.  (a)  The agency may insure bonds issued by state or local agencies, or other types of issuers approved by the board of directors of the agency, to finance or refinance the construction, rehabilitation, acquisition, or preservation of single-family and multifamily residential housing for persons and families of low and moderate income. The agency may charge and collect insurance premiums for the insurance and fees for services performed in conjunction with the processing and approval of insurance applications as determined by the agency. The agency shall take all reasonable steps to ensure that bonds insured pursuant to this chapter are in a form satisfactory to the agency and contain provisions relating to the underlying security for the bonds as may be required by the agency. (b)  The agency shall take reasonable steps to ensure that both of the following occur: (1)  The bonds contain, or are subject to, terms respecting repayment, dates of maturity, and other provisions satisfactory to the agency. (2)  The bonds contain, or are subject to, provisions that the agency deems necessary with respect to security interests of the agency, including provisions relating to subrogation, liens and releases of liens, payment of taxes, escrow or trusteeship requirements, or other matters. (Amended by Stats. 2003, Ch. 553, Sec. 14. Effective January 1, 2004.)
CA Health & Safety Code § 51671 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 5 - Bond Insurance|Section 51671.

51671.  The agency may insure bonds pursuant to this chapter only if it determines that the proceeds of the bonds will be utilized, to the maximum extent feasible, for one of the following purposes:(a)  Construction or rehabilitation of multifamily rental housing for persons and families of low or moderate income. (b)  Construction or rehabilitation of housing that utilizes federal rental or other subsidies. (c)  Construction or rehabilitation of other dwelling units for persons and families of low or moderate income. (Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51680 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 6 - Loan Loss Guarantee Program|Section 51680.

51680.  The agency may administer a loan loss guarantee program in order to induce private lenders to make construction loans for seismic rehabilitation improvements which are designed to increase seismic structural safety in accordance with a plan developed by a civil engineer, structural engineer, or an architect for a property which has been identified by a local jurisdiction as being potentially hazardous, as defined in Chapter 12.2 (commencing with Section 8875) of Division 1 of Title 2 of the Government Code, or as being hazardous in the event of an earthquake, as defined in Article 4 (commencing with Section 19160) of Chapter 2 of Part 3 of Division 13.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993. Conditionally inoperative as provided in Section 51687.)
CA Health & Safety Code § 51681 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 6 - Loan Loss Guarantee Program|Section 51681.

51681.  (a)  Except as provided in subdivision (b), the agency shall only issue rehabilitation loan loss guarantees on single-family homes or on buildings with five or more residential units and where any commercial use in those buildings is limited to the basement and ground floors or where the commercial use occupies less than 15 percent of the total square footage of the building. (b)  For the purpose of using the program enacted by this chapter in conjunction with the multifamily seismic retrofit program authorized by Section 50668.5, the 15-percent limitation on commercial space required by subdivision (a) may be waived in order to facilitate the seismic retrofit of lower income housing. (Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993. Conditionally inoperative as provided in Section 51687.)