§ 129145

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

Notwithstanding any other provision of this chapter, after the department determines that the lender and borrower have exhausted all reasonable means of curing any default, the department within its discretion may, when it is in the best interests of the state, the borrower, and the lender, cure the default of the borrower by making payment from the fund directly to the lender of any amounts of the original principal obligation and interest of the loan that are accrued and unpaid. The payment shall be secured by an assignment to the department of a pro rata share of the security agreements made to the lender and, upon the payment, the borrower shall become liable for repayment of the amount thereof to the office over a period and at a rate of interest as shall be determined by the department.

(Amended by Stats. 2021, Ch. 143, Sec. 253. (AB 133) Effective July 27, 2021.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Health and Safety Code

California Health and Safety Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.