You are here: California / Health and Safety Code - HSC / ARTICLE 2. Mortgage Credit Certificates [50197.1. - 50199.2.] / Section 50197.7.

Section 50197.7. (Added by Stats. 1985, Ch. 1399, Sec. 7.5.)
Cite as: Cal. Health & Safety Code §50197.7.

If an issuer elects to exchange all or part of a supplementary allocation of qualified mortgage bonds for authority to issue mortgage credit certificates, the issuance of those mortgage credit certificates shall be subject to the restriction imposed by subdivision (b) of Section 50189.

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