2011 California Code
Insurance Code
DIVISION 2. CLASSES OF INSURANCE [1880 - 12865]
ARTICLE 6. Mortgage Participation Certificates and Trusts
Section 12527
Every mortgage participation trust and the administration thereof shall at all times be and hereby is expressly made subject to the inspection, supervision and control of the Commissioner of Financial Institutions as fully and completely as if the same constituted a court trust under the provisions of the Banking Law (Division 1 (commencing with Section 99) of the Financial Code).
(Amended by Stats. 1996, Ch. 1064, Sec. 796. Effective January 1, 1997. Operative July 1, 1997, by Sec. 814 of Ch. 1064.)
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