Health & Saf. Code, § 129095 · Article 2. Insurable Loans and Applications Therefor
Health & Saf. Code, § 129095
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The department shall not regulate, impose requirements on, or require approval by the department of a professional, or a fee charged by a professional, used by applicants for the initial application for loan insurance. The choice of any professional and the funding source used shall be left entirely to the participants.
(b) For purposes of this section, “professional” includes, but is not limited to, an underwriter, bond counsel, or consultant.
(c) Nothing in this section shall prohibit the department, in the event of defaults, from taking any action authorized under this chapter to protect the financial interest of the state.
Notes and commentary — not statutory text
History
Amended by Stats. 2021, Ch. 143, Sec. 245. (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=129095.
- Text hash
- sha256 0a56c3bda7ac45127483b4e65f851461bcce9ba5c30eec7d04ffc6cba8673f94
- 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.