Cal. Military and Veterans Code § 987.655

California · California Military and Veterans Code · Status: effective · Effective 2022-01-01

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Citation: Cal. Military and Veterans Code § 987.655, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/885607
Permanent ID: ys:prov:885607@1
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For a mobilehome which is to be sited in a mobilehome park as defined in Section 18214 of the Health and Safety Code, the department shall charge a rate of interest higher than that which is charged to purchasers of conventional housing or of a mobilehome sited on a lot owned by the purchaser. The interest rate shall be set by the department to balance lending risk while maintaining a rate at or below the market rate for a mobilehome in a park.