California Code of Regulations
Title 25 - Housing and Community Development
Division 1 - Housing and Community Development
Chapter 7 - Department of Housing and Community Development Programs
Subchapter 14 - California Housing Rehabilitation Program for Owner-Occupied Housing
Article 5 - Program Operations
Section 8058 - Disbursement of Loan Funds
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Upon deferred payment loan approval and request by the local entity, the department shall disburse funds for deferred payment loans loan account approved by the department.
(b) Requests for deferred payment loan funds shall be on Form HCD O-003, California Housing Rehabilitation Program for Owner-Occupied Housing (CHRP-O), Request for Funds, dated 8/90, as set forth in subdivision (c) of this section. This request for funds form is provided by the department. The information on any request shall be subject to verification by the department.
(c) Copy of Form HCD O-003, California Housing Rehabilitation Program for Owner-Occupied Housing (CHRP-O), Request for Funds, dated 8/90.
HCD O-003, 8/90
CALIFORNIA HOUSING REHABILITATION PROGRAM
FOR OWNER-OCCUPIED HOUSING (CHRP-O)
REQUEST FOR FUNDS
| TO: | FROM: |
| Department of Housing and Community Development | (Local Entity):___________________________ |
| Division of Community Affairs, CHRP-O | (Address): _____________________________ |
| P. O. Box 952054 | _____________________________________ |
| Sacramento, CA 94252-2054 | _____________________________________ |
| ATTN: Senior Program Manager | _____________________________________ |
| Loan Funds Requested | Grant Funds Requested | ||||
| Contract No.: ___________________________ | $___________________________ | $___________________________ | |||
| [ ] Draw #1 | [ ] Draw #2 | ||||
| Borrower Name: ___________________________ | Payee Name/Address: | ||||
| Borrower Loan No.: ___________________________ | _________________________________________________________ | ||||
| _________________________________________________________ | |||||
| _________________________________________________________ | |||||
| _________________________________________________________ | |||||
Cumulative Data:
| Total Fund Commitment by HCD | Total Amount of Prior Drawdowns | Loan Funds Requested for Disbursement | Grant Funds Requested for Disbursement | Total Approved this Request for Disbursement | Balance Remaining in Funds Commitment |
| _____________$______________ | ______________$_____________ | ______________$ _____________ | _____________$______________ | ______________$_____________ | ______________ $ ______________ |
I, the undersigned, do hereby certify that the above costs were/will be incurred in the performance of the above-numbered contract and, if address is not payee, do also certify that the above addressee is authorized to act as agent of the payee for the purpose of receiving and depositing the above stated sum.
| SIGNED___________________________ | ___________________________TITLE | |
| BY___________________________ | ___________________________DATED |
________________________________________ DO NOT WRITE BELOW THIS LINE ________________________________________
The work performed for which this billing is prepared is in accordance with all provisions of Contract # _______________ between ______________________________ and HCD and is approved for payment. Please disburse funds in the total amount of $ ____________________, payable to payee indicated above. Please phone 323-3178 when the warrant is received by HCD Accounting.
| Date:___________________________ | ___________________________ | |
| Senior Program Manager | ||
| PCA/Index:___________________________ | Fund # ___________________________ |
(d) Deferred payment loan funds shall only be disbursed for approved deferred payment loans in accordance with the following:
(e) Deferred payment loan funds shall be deposited and maintained in a separate, interest-bearing escrow account, which shall include only funds transferred pursuant to this subchapter.
(f) Prior to the disbursement of deferred payment loan funds, the local entity shall ensure that the documents specified in section 8056(c) are completed, executed and recorded.
1. New section filed 11-30-89 as an emergency; operative 11-30-89 (Register 89, No. 49). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed by operation of law on 3-30-90.
2. New section refiled 3-26-90 as an emergency; operative 3-30-90 (Register 90, No. 16). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed by operation of law on 7-30-90.
3. New section filed 7-26-90 as an emergency; operative 7-26-90 (Register 90, No. 38). A Certificate of Compliance must be transmitted to OAL by 11-23-90 or emergency language will be repealed by operation of law on the following day.
4. Amendment of subsection (a) filed 8-27-90 as an emergency; operative 8-27-90 (Register 90, No. 42). A Certificate of Compliance must be transmitted to OAL by 12-26-90 or emergency language will be repealed by operation of law on the following day.
5. New section refiled 11-16-90 as an emergency; operative 11-16-90 (Register 90, No. 51). A Certificate of Compliance must be transmitted to OAL by 3-18-91 or emergency language will be repealed by operation of law on the following day.
6. Readoption of 8-27-90 order filed 12-21-90 as an emergency; operative 12-21-90 (Register 91, No. 7). A Certificate of Compliance must be transmitted to OAL by 4-22-91 or emergency language will be repealed by operation of law on the following day.
7. Certificate of Compliance as to 11-30-89 order, readopted and operative on 3-30-90, 7-26-90 and 11-16-90, including amendment of subsections (a), (b), (d), (e), and (f) transmitted to OAL 11-30-90 and filed 12-31-90 (Register 91, No. 7).
Note: Authority cited: Section 50668.5(g), Health and Safety Code. Reference: Sections 50661, 50662 and 50663, Health and Safety Code.
