California Health and Safety Code 50080 – “Market interest” means the interest rate determined by the agency to …
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“Market interest” means the interest rate determined by the agency to be the interest rate generally available in the private market for similar housing loans.
(Amended by Stats. 1981, Ch. 1031.)
Terms Used In California Health and Safety Code 50080
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC