HomeMy WebLinkAboutRESOLUTIONS - 01011981 - 1981-1524 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on December 22 , 1981 , by the following vote:
AYES: Supervisors Fanden, Schroder, Mc Peak, Torlakson, Powers
NOES: None
ABSENT: None
ABSTAIN: None
SUBJECT: Adopting Rules and Regulations Establishing RES. NO. 81/1524
Eligibility Criteria for Lending Institutions
WHEREAS, by Ordinance No. 82-5 , introduced on December 22, 1981 ,
the County of Contra Costa (the "County") established a home mortgage finance
program (the "Program") pursuant to Chapters 1-5 of Part 5 of Division 31 of
the Health and Safety Code of the State of California (the "Act") , to provide
financing for the acquisition or construction of housing in the County; and
WHEREAS, the Act requires the County to adopt rules or regulations
establishing criteria for qualification of lending institutions eligible to
originate and service home mortgages under any program adopted pursuant to
the Act;
THEREFORE, IT IS BY THE BOARD ORDERED as follows :
1 . Rules and regulations establishing eligibility criteria for lending
institutions (the "Rules and Regulations"), in substantially the form submitted
to this meeting, are hereby approved and adopted.
2. The Board of Supervisors hereby finds and declares that these Rules
and Regulations shall serve the purpose of enabling qualified lending institutions
to participate in the Program on an equitable basis.
3. This Resolution shall take effect from and after its adoption.
I hereby certify that this fa a true and correct copy of
an action taken and entered on the minutes of the
Board of Supervisor; on ft, dote shown.
ATTESTED:
2 2 1981
J.R. C3L Y ::r: 'u.`LINTY CLERK
and ex o;ffcio taxer;,of the Board
By �
Deputy
Orig. Dept.: Planning
cc: Planning Director
County Administrator .
Auditor—Controller
Treasurer—Tax Collector
County Counsel
RESOLUTION NO. 8111524
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