California Code of Regulations
Title 22 - Social Security
Division 7 - Health Planning and Facility Construction
Chapter 5 - Health Facility Construction Loan Insurance
Article 2 - General Provisions
Section 91462 - Prohibition Against Transactions with a Conflict of Interest

No present or former officer, director, member, employee or relative of any officer, director, member or employee of the borrower or an affiliate of the borrower or incorporator shall receive any benefit, either directly or indirectly, as a result of the application for, or insurance of, a loan insured by the office, other than the continuation of salaries and employee benefits.

1. New section filed 6-26-96; operative 7-26-96 (Register 96, No. 26).

Note: Authority cited: Sections 129015 and 127020, Health and Safety Code. Reference: Sections 5231 and 5233, Corporations Code; Sections 1090 and 1091.5, Government Code; and Section 129015, Health and Safety Code.