Fixing Terms and Conditions of Loans
San Diego Municipal Code § 61.2422
in effect§61.2422 Fixing Terms and Conditions of Loans
The City may fix the character, terms and conditions upon which construction loans, mortgage loans, loans–to–lenders and participation purchases may be made. Construction loans and mortgage loans made to participating parties through or by qualified mortgage lenders, and loans–to–lenders made to and participation purchases made from qualified mortgage lenders, shall be of such character and on such terms and conditions as are established by the City. The full amount owed on any such loan may be made due and payable upon sale or other transfer of ownership of the residence financed by such loan and upon such terms and conditions as may be established by the City.
(“Fixing Terms and Conditions of Loans” added 5–3–1982 by O–15746 N.S.)
(Editors note: Chapter 6, Article 1, Division 24 added 8–24–1988.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter06/Ch06Art01Division24.pdf#page=4Fetched: 10/28/2026
