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§ 91479. Opinion of Legal Counsel.

22 CA ADC § 91479Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 22. Social Security
Division 7. Health Planning and Facility Construction (Refs & Annos)
Chapter 5. Health Facility Construction Loan Insurance
Article 2. General Provisions
22 CCR § 91479
§ 91479. Opinion of Legal Counsel.
Currentness
(a) At the time the loan is closed or at the initial loan closing if the loan is in stages, the borrower shall furnish to the Office the opinion of legal counsel with respect to the following:
(1) The borrower's legal interest in the property.
(2) The borrower's authority to finance, construct and maintain the project, to issue any proposed obligation and to pledge or mortgage the assets and project property offered to secure the loan for which insurance is sought.

Credits

Note: Authority cited: Sections 436.3 and 446.2, Health and Safety Code; and Section 11152, Government Code. Reference: Sections 436.3 and 436.8, Health and Safety Code.
History
1. Amendment filed 12-18-81; effective thirtieth day thereafter (Register 81, No. 51).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 22, § 91479, 22 CA ADC § 91479
End of Document