Cal. Health and Safety Code § 51657

California · California Health and Safety Code · Status: effective · Effective 1993-07-15

Cite this

Citation: Cal. Health and Safety Code § 51657, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/869997
Permanent ID: ys:prov:869997@1
SHA-256: e577cdb2e20039de17341ef6dc0cc1d496e6adab05bd23bddaad0ee904c494a6

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) The agency shall establish, and may from time to time revise, after public hearings, a schedule of insurance premium rates. The premiums may vary according to the category of the loan and the degree of risk related to the loan. Premiums shall be calculated in an amount which, when added to the other revenues of the insurance program, will be adequate to defray losses occasioned by defaults and the operating expenses of the program, to repay amounts advanced to the agency for purposes of this part, and gradually to expand the insurance availability of the program. Approved lending institutions shall remit premiums to the fund at intervals specified by the agency. (b) The agency may prescribe other charges that it finds necessary, including service charges and appraisal, inspection, and other fees.