California § 52516 - The agency shall establish by regulation, adopted by the policy committee, standa
Full text of California Public Contract Code - PCC § 52516 — The agency shall establish by regulation, adopted by the policy committee, standa, with citation guidance and answers to common questions.
§ 52516. The agency shall establish by regulation, adopted by the policy committee, standa
The agency shall establish by regulation, adopted by the policy committee, standards for the eligibility of purchasers of housing subject to this part. Such individuals shall be first-time home buyers. Mortgages pursuant to this part cannot be used to acquire or replace an existing mortgage, except a mortgage which is security for a construction loan or a bridge loan or similar temporary initial financing. The purchaser shall be a resident of California. The qualified mortgage lender shall certify to the agency, in good faith, after prudent qualification of the purchaser that the purchaser is qualified under the provisions of this part. Section 51067 is not applicable to mortgage loans under this part.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 52516
What does Public Contract Code - PCC § 52516 cover?
Section 52516 ("The agency shall establish by regulation, adopted by the policy committee, standa") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 52516?
A common citation format is "Public Contract Code - PCC § 52516" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 52516 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.