Health & Saf. Code, § 129087 · Article 2. Insurable Loans and Applications Therefor
Health & Saf. Code, § 129087
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The department shall develop and maintain a formal system of monitoring borrowers, in order to assist the department in detecting at the earliest possible date those borrowers who are experiencing financial difficulties. This system shall include, but shall not be limited to, all of the following:
(a) A method of tracking the receipt of information that borrowers are required by law and regulatory agreement to submit to the department.
(b) A process for thoroughly reviewing borrowers’ financial statements, budgets, auditor’s management letters, and health facility utilization trends.
(c) Timely and structured site visits to insured facilities.
Notes and commentary — not statutory text
History
Amended by Stats. 2021, Ch. 143, Sec. 242. (AB 133) Effective July 27, 2021.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=129087.
- Text hash
- sha256 5302d3453c6400598f37552b3fac7cc7e1be1271e46b7964bf338df6bbdeab57
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.