California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 10 - Mortgage Guaranty Insurers
Section 2521 - Limitation Investments Mortgage Guaranty Insurer
Universal Citation: 10 CA Code of Regs 2521
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
No mortgage guaranty insurer may invest in notes or other evidences of indebtedness secured by a mortgage or other lien upon real property. This section shall not apply to obligations secured by, or contracts for the sale of, real property, which obligations or contracts of sale are acquired in the course of the good faith settlement of claims under policies of insurance issued by the mortgage guaranty insurer, or in the good faith disposition of real property so acquired.
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