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DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS 50000-50222›CHAPTER 2. Definitions 50050-50106

§ 50093.6

California Health and Safety Code · 2020-11 edition · updated 2026-10-04 · California

“Property improvement loan” means an advance of money, evidenced by a note, to finance rehabilitation and general repairs and improvements to a residence consistent with the purposes of this division. A property improvement loan may, but need not be, secured by a deed of trust. However, a property improvement loan made outside a neighborhood preservation area shall be unsecured and shall not exceed fifteen thousand dollars ($15,000).

(Added by renumbering Section 50093.5 (as added by Stats. 1979, Ch. 1207) by Stats. 1980, Ch. 676.)

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California Health and Safety Code

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