California Health Facility Construction Loan Insurance Law – California Assembly Bill 2917
July 2002 California Health Facility Construction Loan Insurance Law - California Assembly Bill 2917 Existing law, the California Health Facility Construction Loan Insurance Law, provides an insurance program administered by the Office of Statewide Health Planning and Development for health facility construction, improvement, and expansion loans made to a political subdivision or nonprofit corporation, as defined. In order for a loan to be eligible for insurance under this law, it is required to be secured by a first mortgage, first deed of trust, or other first priority lien on a fee interest of the borrower. This bill would expand the security . . .
