California Health and Safety Code

§ 50720.8

HSC § 50720.8 Effective Sep 27, 2022Div. 31 · Part 2 · Ch. 8.6

Statute text

(a)A borrower or grantee that receives funds from a loan or grant made pursuant to the program shall only use the funds as follows:

(1)To pay for property acquisition, rehabilitation, and repair costs and associated transaction costs for real property purchased through one of the following:

(A)A trustee’s sale pursuant to Section 2924m of the Civil Code.

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Legislative history

Amended by Stats. 2022, Ch. 570, Sec. 10. (AB 157) Effective September 27, 2022.