California Health and Safety Code

§ 50662.8

HSC § 50662.8 Effective Jan 1, 2005Div. 31 · Part 2 · Ch. 6.5

Statute text

(a)Notwithstanding paragraph (1) of subdivision (d) of Section 50662.7, the department may allow the assumption of any loan made pursuant to subdivision (b) of that section for owner-occupied dwellings subject to all of the following conditions:

(1)The original borrower dies.

(2)The assumption is by a member of the original borrower’s household and is a spouse, domestic partner, or child of the original borrower.

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Legislative history

Added by Stats. 2004, Ch. 569, Sec. 1. Effective January 1, 2005.