California Health and Safety Code

§ 33753

HSC § 33753 Effective Jul 28, 1983Div. 24 · Part 1 · Ch. 8 · Art. 1

Statute text

The definitions set forth in Article 1 (commencing with Section 33000) of Chapter 1 of this part shall govern the construction of this chapter. Additionally, as used in this chapter:

(a)“Construction loan” means a loan to finance residential construction under this chapter, whether such loan is insured or uninsured.

(b)“Financing” means the lending of moneys or any other thing of value for the purpose of facilitating residential construction pursuant to this chapter, including the making of construction loans and mortgage loans to purchasers of newly constructed and newly rehabilitated residences and the making of loans to qualified mortgage lenders, and the making of mortgage loans to purchasers of newly constructed or existing residences located in targeted areas as provided in Section 33760.

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Legislative history

Amended by Stats. 1983, Ch. 478, Sec. 1. Effective July 28, 1983.