California Health and Safety Code 50076.6 – “Loan,” for purposes of provisions relating to the agency, means an …
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“Loan,” for purposes of provisions relating to the agency, means an obligation to repay funds advanced by the agency for the purpose of financing housing that is evidenced by a promissory note or other instrument in writing and that may or may not be secured by real or personal property.
(Added by Stats. 2000, Ch. 553, Sec. 1. Effective January 1, 2001.)
Terms Used In California Health and Safety Code 50076.6
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.