reglab/housing_qa huggingface dataset:
CA Health & Safety Code § 51501 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 11 - California Homebuyer s Downpayment Assistance Program|Section 51501.

51501.  The Legislature finds and declares all of the following:(a)  There is a continuing and urgent need to provide affordable mortgage financing to meet the increasingly unfulfilled housing needs of citizens of this state. (b)  The high cost of housing impedes the ability of California employers to compete in the national marketplace for employees. (c)  Affordable housing enhances the quality of life for California residents and provides fuel for the state’s economic engine. (d)  Housing is a critical component of the California economy, both as an income producing sector and a principal factor in economic development. (e)  California’s housing crisis severely impacts families struggling to provide safe, stable homes for their children to grow and learn and the workers who are the backbone of many of the state’s most important industries. (f)  The percentage of Californians able to purchase their own homes continues to decline, even as that percentage climbs for the rest of the nation. (g)  Therefore, this chapter is enacted to make existing financing for residential mortgages more affordable to California’s homebuyers. (Added by Stats. 2000, Ch. 81, Sec. 1. Effective July 5, 2000. Inoperative on July 1, 2016, as provided in Section 51511.)
CA Health & Safety Code § 51502 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 11 - California Homebuyer s Downpayment Assistance Program|Section 51502.

51502.  The purpose of the California Homebuyer’s Downpayment Assistance Program is to assist first-time low- and moderate-income homebuyers utilizing existing mortgage financing.(Added by Stats. 2000, Ch. 81, Sec. 1. Effective July 5, 2000. Inoperative on July 1, 2016, as provided in Section 51511.)
CA Health & Safety Code § 51506 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 11 - California Homebuyer s Downpayment Assistance Program|Section 51506.

51506.  The downpayment assistance provided by this program shall be limited to first-time homebuyers.(Added by Stats. 2000, Ch. 81, Sec. 1. Effective July 5, 2000. Inoperative on July 1, 2016, as provided in Section 51511.)
CA Health & Safety Code § 51510 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 11 - California Homebuyer s Downpayment Assistance Program|Section 51510.

51510.  The agency shall have all the powers conferred upon it by this part (commencing with Section 50900) in administering this chapter.(Added by Stats. 2000, Ch. 81, Sec. 1. Effective July 5, 2000. Inoperative on July 1, 2016, as provided in Section 51511.)
CA Health & Safety Code § 51511 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 11 - California Homebuyer s Downpayment Assistance Program|Section 51511.

51511.  (a) This chapter, except for this section, shall not be operative on and after July 1, 2016.(b) On and after July 1, 2016, any unobligated amounts remaining in any fund established for the purposes of this chapter, including the repayment of disbursed moneys, or any interest earned from the investment of those moneys or any other moneys accruing to the fund from any source, shall be transferred to the Home Purchase Assistance Fund and are continuously appropriated to the agency for the purposes described in Section 51342.(Added by Stats. 2016, Ch. 32, Sec. 82. (SB 837) Effective June 27, 2016. Note: Termination clause affects Chapter 11, commencing with Section 51500, except for this section.)
CA Health & Safety Code § 51601 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 1 - General Provisions and Definitions|Section 51601.

51601.  It is the intent of the Legislature in enacting this part to establish programs of bond and loan insurance for the following purposes:(a)  To encourage homeownership opportunities for low- and moderate-income rental households and to encourage multifamily residential construction and rehabilitation, all of which will revitalize the state’s economy and provide security for these households. (b)  To encourage and facilitate the preservation of existing housing and improve housing opportunities by reducing the risk factor for all of the following: (1)  Loans to persons and families of low and moderate income for housing in older deteriorating areas and neighborhood preservation areas. (2)  Bonds issued by governmental agencies for the purpose of providing housing for persons and families of low or moderate income. (3)  Loans to provide housing for persons and families of low or moderate income. (4)  Privately financed loans for multifamily residential housing that benefits low- and moderate-income households. (5)  Construction loan loss guarantee assistance for rehabilitation of buildings in need of rehabilitation improvements, where the building has been identified by local jurisdictions as being potentially hazardous. (c)  To encourage and facilitate housing opportunities for low-income and moderate-income households which might not readily be available in the private market due to, in part, location, type of housing, and income group serviced, provided, however, that the actuarial soundness of the insurance fund not be jeopardized. (d)  To provide single-family and multifamily residential housing mortgage guaranty insurance. (e)  To provide single-family and multifamily residential guaranty insurance for construction loans. (f)  To provide credit enhancements for the development of new, or the purchase or refinancing of existing, low-income and moderate-income housing. (Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51601.5 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 1 - General Provisions and Definitions|Section 51601.5.

51601.5.  The Legislature finds and declares the following:The California Housing Finance Agency, in administering the mortgage guaranty insurance program, as it is currently constituted in law, will adopt a new five-year business plan pursuant to board resolution at the June 9, 1993, meeting of the agency’s board of directors. The business plan will contain all of the financial resources of the agency necessary for this insurance fund to create a mortgage guaranty insurance underwriting capacity for single-family loans at one billion two hundred million dollars ($1,200,000,000) of gross insurance. In order to initiate this program, the agency will provide its 1993 commitment of eighteen million dollars ($18,000,000) as soon as reasonably practicable following the adoption of the June 9, 1993, board resolution. The agency will also commit that it will provide its 1994 pledge of eleven million dollars ($11,000,000) at its January 1994 board of directors meeting. During the five-year time period, the program will result in a significant beneficial economic impact on the state’s economy, particularly on the homebuilding and real estate resale markets. As such, the agency will remain fully committed to implementing the plan, unless the economic and fiscal expectations of the agency fail to materialize so that implementation of the plan, in whole or in part, is no longer possible without jeopardizing the fiscal integrity or the bond rating of the agency.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51602 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 4 - BOND AND LOAN INSURANCE|CHAPTER 1 - General Provisions and Definitions|Section 51602.

51602.  (a) The agency shall require that occupancy of housing for which a loan is insured pursuant to this part shall be open to all regardless of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, and that contractors and subcontractors engaged in the construction or rehabilitation of housing funded by a loan insured pursuant to this part shall provide an equal opportunity for employment without discrimination as to any basis listed in subdivision (a) of Section 12940 of the Government Code, as those bases are defined in Sections 12926 and 12926.1 of the Government Code, and except as otherwise provided in Section 12940 of the Government Code.(b) Notwithstanding subdivision (a), with respect to familial status, subdivision (a) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in subdivision (a) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11, and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51, Section 4760, and Section 6714 of the Civil Code, and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to subdivision (a).(c) A qualified developer shall certify compliance with this section and Section 50955 according to requirements specified by the pertinent criteria of the agency.(Amended (as amended by Stats. 2012, Ch. 181, Sec. 76) by Stats. 2013, Ch. 605, Sec. 45. (SB 752) Effective January 1, 2014.)
CA Health & Safety Code § 51610 (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 51610.

51610.  (a)  The agency shall, with respect to the implementation of this part, and notwithstanding any other provision of law, have the general powers set forth in Sections 51050 and 51058 and in this part and, in addition, may do any and all things necessary to carry out its purposes and exercise the powers expressly granted by this part. (b)  The fund shall develop and maintain complete and current statistics and other information with respect to the loan insurance program, including, but not limited to, each of the following: (1)  Mortgage arrearages, defaults, and foreclosures on insured loans. (2)  Expenses incurred as a result of those arrearages, defaults, and foreclosures. (3)  The extent of displacement caused by availability of insured loans. (c)  The information required by subdivision (b) shall be provided in the agency’s annual report as required by Section 51622. (Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51611 (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 51611.

51611.  (a)  The California Housing Loan Insurance Fund is hereby created in the State Treasury. (b)  The California Housing Insurance Fund is hereby renamed the California Housing Loan Insurance Fund. All references in any provision of law to the California Housing Insurance Fund shall be deemed to refer to the California Housing Loan Insurance Fund. Notwithstanding Section 13340 of the Government Code, all money in the insurance fund is hereby continuously appropriated to the agency without regard to fiscal year for the purpose of insuring loans and bonds pursuant to this part and for the purpose of defraying administrative expenses incurred by the agency in operating these programs of loan and bond insurance. All insurance premiums shall be deposited in the insurance fund. Mortgage insurance in force under certificates of insurance by the California Housing Insurance Fund shall continue in force without interruption after the effective date of this act. (c)  Notwithstanding Chapter 2 (commencing with Section 12850) of Part 2.5 of Division 3 of Title 2 of the Government Code, Article 2 (commencing with Section 13320) of Chapter 3 of Part 3 of Division 3 of Title 2 of the Government Code, or any other provision of law, expenditures of the insurance fund shall not be subject to the supervision or approval of any other officer or division of state government. However, the agency’s budget respecting the insurance fund shall be prepared and reviewed in accordance with Section 50913. (d)  The agency shall, from time to time, direct the Treasurer to invest moneys in the insurance fund which are not required for its current needs in eligible securities designated by the agency from among those specified in Section 16430 of the Government Code or as otherwise permitted by law. The agency may direct the Treasurer to deposit moneys in the insurance fund in interest-bearing accounts in state or national banks or other financial institutions having principal offices in this state. To the extent permitted by law, the agency may invest moneys in the fund in obligations of financial institutions, as permitted by board resolution. The agency may also require the transfer of moneys in the insurance fund to the Surplus Money Investment Fund for investment pursuant to Article 4 (commencing with Section 16470) of Chapter 3 of Part 2 of Division 4 of Title 2 of the Government Code. (Repealed and added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51614 (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 51614.

51614.  (a) The agency is hereby vested with full power, authority, and jurisdiction over the insurance fund. The agency may perform all acts necessary or convenient in the exercise of any power, authority, or jurisdiction over the insurance fund, either in the administration thereof or in connection with the business administered under this part, as fully and completely as the governing body of a private insurance carrier.(b) The agency may create task forces and advisory committees, when appropriate and as the members deem necessary, for the purpose of obtaining advice on issues arising as a result of the agency’s activities under this part. Ex officio members of those task forces and advisory committees may include, but are not limited to, the Insurance Commissioner or his or her designee, the Director of Housing and Community Development or his or her designee, the Director of the Seismic Safety Commission or his or her designee, and the Director of Emergency Services or his or her designee.(Amended by Stats. 2013, Ch. 352, Sec. 381. (AB 1317) Effective September 26, 2013. Operative July 1, 2013, by Sec. 543 of Ch. 352.)
CA Health & Safety Code § 51615 (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 51615.

51615.  (a) Chapter 3.5 (commencing with Section 6250) of Division 7 of Title 1 of, and Article 9 (commencing with Section 11120) of Chapter 1 of, Chapter 3.5 (commencing with Section 11340) of, Chapter 4 (commencing with Section 11370) of, and Chapter 5 (commencing with Section 11500) of, Part 1 of Division 3 of Title 2 of, the Government Code shall apply to the agency with respect to the administration of the insurance fund.(b) Notwithstanding subdivision (a), the provisions described in that subdivision shall not apply to any of the following:(1) The agency’s activities and records relating to establishing rates and premiums.(2) Bids or contracts for insurance, coinsurance, and reinsurance.(3) Other matters necessary to maintain the competitiveness of the agency in the mortgage insurance industry, including, but not limited to, the development of financial products.(Amended by Stats. 2004, Ch. 183, Sec. 223. Effective January 1, 2005. Superseded on January 1, 2023; see amendment by Stats. 2021, Ch. 615.)
CA Health & Safety Code § 51615 (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 51615.

51615.  (a) Division 10 (commencing with Section 7920.000) of Title 1 of, and Article 9 (commencing with Section 11120) of Chapter 1 of, Chapter 3.5 (commencing with Section 11340) of, Chapter 4 (commencing with Section 11370) of, and Chapter 5 (commencing with Section 11500) of, Part 1 of Division 3 of Title 2 of, the Government Code shall apply to the agency with respect to the administration of the insurance fund.(b) Notwithstanding subdivision (a), the provisions described in that subdivision shall not apply to any of the following:(1) The agency’s activities and records relating to establishing rates and premiums.(2) Bids or contracts for insurance, coinsurance, and reinsurance.(3) Other matters necessary to maintain the competitiveness of the agency in the mortgage insurance industry, including, but not limited to, the development of financial products.(Amended by Stats. 2021, Ch. 615, Sec. 265. (AB 474) Effective January 1, 2022. Operative January 1, 2023, pursuant to Sec. 463 of Stats. 2021, Ch. 615.)
CA Health & Safety Code § 51616 (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 51616.

51616.  The state shall not be liable beyond the assets of the insurance fund for any obligations in connection therewith.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51620 (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 51620.

51620.  In conducting the business and affairs of the insurance fund, the executive director may do any of the following:(a)  Enter into contracts of insurance. (b)  Decline to insure any risk in which the minimum requirements of the insurance fund are not complied with, or which is beyond the safe carrying of the insurance fund. (c)  Reinsure any risk or any part thereof. (d)  Make rules for the settlement of claims against the insurance fund and determine to whom and through whom the payments are to be made. (e)  Enter into any contracts or obligations relating to the fund. (f)  Invest and reinvest the moneys belonging to the fund as provided by this part or Part 3 (commencing with Section 50900). (g)  Conduct all business and affairs and perform all acts relating to the fund whether or not specifically designated in this part. (Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51622 (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 51622.

51622.  (a)  The agency may contract with any private person or public agency for review of the administration of this part and for assistance in implementing this part.(b)  The agency shall prepare a biennial report on the condition of the program of loan and bond insurance authorized by this part. The report of the evaluation shall include an evaluation of program effectiveness in relation to cost and shall include recommendations and suggested legislation for the improvement of the program, if any. The agency shall obtain an annual agreed-upon procedures engagement of the insurance fund’s books and accounts with respect to its activities under this part to be made at least once for each calendar year by an independent certified public accountant. A copy of the annual agreed-upon procedures engagement and biennial report shall be transmitted to the Governor, to the chairperson and vice-chairperson of the Senate and Assembly housing policy committees, the Senate and Assembly budget committees, and the Joint Legislative Budget Committee, and made available for review by interested parties no later than November 1 of each year for the annual agreed-upon procedures engagement and November 1 biennially for the program evaluation report.(c) For purposes of this section, the agreed-upon procedures engagement shall be conducted in accordance with the Statements on Standards for Attestation Engagements Number 10, as issued by the American Institute of Certified Public Accountants.(Amended by Stats. 2016, Ch. 32, Sec. 85. (SB 837) Effective June 27, 2016.)
CA Health & Safety Code § 51623 (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 51623.

51623.  (a)  The California Housing Loan Insurance Fund, as provided for pursuant to Section 51653 as it read prior to the effective date of the act that adds this part, is continued in existence, and, pursuant to Section 51603, is referred to as the insurance fund. Notwithstanding Section 13340 of the Government Code, all money in the insurance fund is hereby continuously appropriated to the agency without regard to fiscal year for the purpose of insuring loans and bonds pursuant to this part and for the purpose of defraying administrative expenses incurred by the fund in operating those programs of loan and bond insurance. All insurance premiums shall be deposited in the insurance fund. (b)  The insurance fund shall be administered by the agency for the purpose of insuring loans and bonds as provided in this part. Any appropriation made therefrom or thereto before the effective date of this section shall continue to be available for the purposes for which it was made. (Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51624 (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 51624.

51624.  The agency shall prepare a preliminary budget for the agency’s activities under this part on or before December 1 of each year for the ensuing fiscal year, to be reviewed by the Secretary of Business, Consumer Services and Housing, the Director of Finance, and the Joint Legislative Budget Committee.(Amended by Stats. 2013, Ch. 352, Sec. 382. (AB 1317) Effective September 26, 2013. Operative July 1, 2013, by Sec. 543 of Ch. 352.)
CA Health & Safety Code § 51625 (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 51625.

51625.  (a)  The agency shall cause all moneys in the insurance fund which are in excess of current requirements to be invested and reinvested, from time to time, in the same manner as provided for private insurance carriers pursuant to Article 3 (commencing with Section 1170) of Chapter 2 of Part 2 of Division 1 of the Insurance Code. (b)  All interest or other increment resulting from the investment shall be deposited in the insurance fund, notwithstanding Section 16305.7 of the Government Code. Moneys in the insurance fund shall not be subject to transfer to any other fund pursuant to Part 2 (commencing with Section 16300) of Division 4 of Title 2 of the Government Code, except the Surplus Money Investment Fund. (Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
CA Health & Safety Code § 51626 (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 51626.

51626.  The insurance fund shall be organized as a public enterprise fund.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)