Insurance companies, personal finance companies, mortgage companies, mortgage insurance companies, building and loan associations, trust companies, fiduciaries, or fiduciary institutions may invest in, or purchase such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of real estate, including any part of an issue of notes or bonds secured by such first liens, which have been accepted for insurance by the Federal Housing Administrator. The investment or purchase may be made with their funds or the money in their custody or possesion, including but not being restricted to, all trust funds or funds the investment of which is
regulated by law.
Chapter 1Investments
Section § 27000
This law allows various financial institutions, including insurance companies, mortgage companies, and fiduciaries, to invest in or purchase first liens on real estate. These first liens are the primary claims used to secure loans or the unpaid purchase price of properties. The condition is that these liens must be insured by the Federal Housing Administrator. The funds for such investments or purchases can come from the institutions' own money or from the funds they manage, such as trust funds that are regulated by law.
first liens real estate investment Federal Housing Administrator mortgage insurance trust funds fiduciaries insurance companies financial institutions investment funds property loans building and loan associations secured loans unpaid purchase price real estate financing mortgage companies
Section § 27001
This law allows various types of financial institutions—including insurance, mortgage, and trust companies—to invest in or buy obligations from national mortgage associations. They can use their own money or funds they manage, such as trust funds, to make these investments.
Insurance companies, personal finance companies, mortgage companies, mortgage insurance companies, building and loan associations, trust companies, fiduciaries, fiduciary institutions, or public or private agencies may invest in, or purchase obligations of national mortgage associations. The investment or purchase may be made with their funds or the money in their custody or possession, including but not being restricted to, all trust funds, or funds the investment of which is regulated by law.
financial institutions investment national mortgage associations trust fund investment mortgage companies investment insurance companies investment fiduciary investment investment regulation obligations purchase mortgage insurance investment building and loan associations fiduciaries public agencies investment private agencies investment investment funds management financial institutions obligations
Section § 27002
This law allows certain financial institutions like insurance companies and mortgage companies to provide, invest in, or buy loans that are backed or insured by the Federal Housing Administrator.
Insurance companies, personal finance companies, mortgage companies, or mortgage insurance companies may make, invest in, or purchase loans or advances of credit insured by the Federal Housing Administrator.
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Section § 27003
This law allows insurance companies, personal finance companies, mortgage companies, mortgage insurance companies, building and loan associations, and trust companies to offer loans that are secured by real estate or leasehold. These loans can be insured or have a commitment to be insured by the Federal Housing Administrator.
Insurance companies, personal finance companies, mortgage companies, mortgage insurance companies, building and loan associations, or trust companies may make such loans secured by real property or leasehold, as the Federal Housing Administrator insures, or makes a commitment to insure, and may obtain such insurance.
real property loans leasehold loans loan insurance Federal Housing Administrator mortgage companies insurance companies personal finance companies building and loan associations trust companies mortgage insurance secured loans real estate loans housing loan insurance loan commitments federal insurance
Section § 27004
This California law states that any state laws about the types, amounts, or requirements for security, interest rates, or time limits on loans or investments do not apply to transactions made under this specific chapter of the law.
No law of this State, prescribing the nature, amount or form of security or requiring security upon which loans or investments may be made, or prescribing or limiting interest rates upon loans or advances of credit or prescribing or limiting the period for which loans or investments may be made, applies to loans or investments made pursuant to this chapter.
security requirements loan regulations investment limitations interest rate restrictions credit advances state law exemptions loan period limitations investment period financial transactions regulatory exceptions chapter-specific loans chapter-specific investments security form amount of security interest limits
