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 91479 - Opinion of Legal Counsel
Universal Citation: 22 CA Code of Regs 91479
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(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.
1. Amendment filed 12-18-81; effective thirtieth day thereafter (Register 81, No. 51).
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.
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