Loans shall not be made by the agency to a qualified mortgage lender under this article, except pursuant to an agreement between the agency and the qualified mortgage lender. The agreements shall include the following: (a) A maximum interest rate that can be charged for construction loans or mortgage loans. (b) A specification of the requirements of loans authorized by this part. (c) Standards for mortgage servicing and foreclosure practices, including programs of forbearance and recasting for mortgages in default.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.