California Health and Safety Code

§ 129174.1

HSC § 129174.1 Effective Jul 27, 2021Div. 107 · Part 6 · Ch. 1 · Art. 3

Statute text

In the event an obligor on a loan insured by the department is the subject of an order for relief in bankruptcy and that a plan has been proposed for confirmation, upon a certification by the department that the insurance is in place and would be in place if the plan were confirmed, then the department shall have the right to vote whether to accept or reject the plan on behalf of the holders of the loan insured by the department.

Legislative history

Amended by Stats. 2021, Ch. 143, Sec. 263. (AB 133) Effective July 27, 2021.