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For a mobilehome which is to be sited in a mobilehome park as defined in Section 18214 of the Health and Safety Code, the department shall charge a rate of interest higher than that which is charged to purchasers of conventional housing or of a mobilehome sited on a lot owned by the purchaser.The interest rate shall be set by the department to balance lending risk while maintaining a rate at or below the market rate for a mobilehome in a park.
Cite this article: FindLaw.com - California Code, Military and Veterans Code - MVC § 987.655 - last updated January 01, 2019 | https://codes.findlaw.com/ca/military-and-veterans-code/mvc-sect-987-655/
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