California Health and Safety Code 50081 – “Market rent” means the monthly rent established by the agency as …
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“Market rent” means the monthly rent established by the agency as competitive according to its own regulations, except where federal regulations provide a required method of determining market rent. Determination of market rent may be reviewed annually upon application by the mortgagor, subject to applicable federal regulations, if any.
(Added by Stats. 1977, Ch. 610.)
Terms Used In California Health and Safety Code 50081
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.