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§ 2790.4. Questionnaire Waiver--Rural Housing Service.

10 CA ADC § 2790.4Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 6. Real Estate Commissioner (Refs & Annos)
Article 12. Subdivisions
10 CCR § 2790.4
§ 2790.4. Questionnaire Waiver--Rural Housing Service.
Currentness
The submission of a completed questionnaire shall be waived pursuant to subdivision (c) of Section 11010 of the Code for a proposed subdivision offering that satisfies all of the following criteria:
(a) Except as provided in (d) below, the division of the land is not a subdivision as defined in Sections 11000.1, or 11004.5 of the Code.
(b) The financing of the purchase or lease of lots and parcels will be provided exclusively by the Rural Housing Service pursuant to Section 502 of the Housing Act of 1949 (42 U.S.C. Section 1472) as amended.
(c) Lots and parcels will be developed and improved with residential structures exclusively through technical assistance grants to nonprofit agencies pursuant to Section 523 of the Housing Act of 1949 (42 U.S.C. Section 1490(c)) as amended.
(d) If the proposed offering is a planned development subdivision within the meaning of subdivision (a) of Section 11004.5 of the Code, the submission of a completed questionnaire shall be waived if the applicant, pursuant to subdivision (b)(14) of Section 11010 of the Code, submits the following for the subdivision:
(1) Governing instruments for the subdivision and the association of owners.
(2) Detailed budget reflecting estimated costs of ownership, operation and maintenance expenses and reserves for the subdivision.
(3) Evidence that common areas and facilities have been or will be conveyed free of liens and encumbrances, to the association of owners or to the owners as tenants in common.

Credits

Note: Authority cited: Sections 11001 and 11010, Business and Professions Code. Reference: Sections 11010 and 11011, Business and Professions Code.
History
1. New section filed 2-1-84; designated effective 2-10-84 pursuant to Government Code Section 11346.2(d) (Register 84, No. 5).
2. Amendment filed 2-26-85; effective thirtieth day thereafter (Register 85, No. 9).
3. Amendment of section heading and subsection (b) filed 11-27-96; operative 12-27-96 (Register 96, No. 48).
4. Amendment of subsection (a) filed 10-26-99; operative 11-25-99 (Register 99, No. 44).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 2790.4, 10 CA ADC § 2790.4
End of Document