California Education Code

§ 94160

EDC § 94160 Effective Jan 1, 2015Div. 10 · Title 3 · Part 59 · Ch. 2 · Art. 4.1

Statute text

(a)If a financial institution seeks to enroll a qualified loan in the program in order to obtain the protection against loss provided by its loss reserve account, after disclosing relevant qualified loan financial information to the qualified borrower, it shall notify the authority in writing on a form prescribed by the authority, within 15 calendar days after the date on which the qualified loan is made, of all of the following:

(1)The disbursement of the qualified loan.

(2)The dollar amount of the qualified loan enrolled.

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Legislative history

Added by Stats. 2014, Ch. 816, Sec. 2. (AB 2377) Effective January 1, 2015.