Cal. Health and Safety Code § 129185
Cal. Health and Safety Code § 129185
California · California Health and Safety Code · Status: effective · Effective 2021-07-27
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- Citation
- Cal. Health and Safety Code § 129185, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/876544
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Full text
The department is authorized to terminate any insurance contract upon joint request by the borrower and the lender and upon payment of a termination charge that the department determines to be equitable, taking into consideration the necessity of protecting the fund. Upon the termination, borrowers and lenders shall be entitled to the rights, if any, that they would be entitled to under this chapter if the insurance contract were terminated by payment in full of the insured loan.