California Health and Safety Code 50084 – “Mortgage deficient area” means an area where private lenders have …
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“Mortgage deficient area” means an area where private lenders have failed to provide sufficient mortgage credit for financing or refinancing of new, existing, or rehabilitated housing developments, and such practices have caused or threaten to cause a decline in the condition or quality of the housing stock in the area.
(Added by Stats. 1977, Ch. 610.)
Terms Used In California Health and Safety Code 50084
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.