Health & Saf. Code, § 50565 · Chapter 3.9. Portfolio Restructuring
Health & Saf. Code, § 50565
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) For purposes of this chapter, “qualifying unpaid matured loan” shall mean either of the following:
(1) A loan made pursuant to the programs listed in subdivision (a) of Section 50560 that is in material compliance, as determined by the department, with all loan terms and conditions, including, but not limited to, those required by the department loan documents or applicable statutes and regulations, or otherwise required by the department, other than having reached the due date of its promissory note without being paid.
(2) A matured loan that is not in compliance, as described in paragraph (1), and is being transferred to another borrower approved by the department.
(b) A reinstatement of a qualifying unpaid matured loan under this chapter shall be treated as if its term has been extended from the expired due date for purposes of calculating obligations of the borrower to the department.
Notes and commentary — not statutory text
History
Added by Stats. 2014, Ch. 680, Sec. 5. (AB 2161) Effective January 1, 2015.
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=50565.
- Text hash
- sha256 1dca611ca23afd17798119ae61dcde1025d78447a3b8d4fa3cccc802cf3e0a4d
- 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
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Health and Safety Code
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