Section 7721 - Local Program/Project Administration(a) The Recipient shall implement the local program or project and be responsible for the following activities: (1) marketing the local program or project;(2) determination of a household's income-eligibility pursuant to the income requirements of this subchapter;(3) where applicable, based on the nature of the local program or project, compliance with the following requirements: (A) Section 7722 homebuyer education requirements;(B) Section 7723 loan servicing requirements;(C) Section 7724 reuse account requirements;(D) Section 7730 mortgage assistance requirements;(E) Section 7731 mortgage assistance underwriting requirements;(F) Section 7734 owner-occupied rehabilitation requirements;(G) Section 7735 owner-occupied rehabilitation underwriting and construction requirements;(H) Section 7738 self-help technical assistance requirements; and(I) Section 7741 shared housing technical assistance requirements.(4) for mortgage assistance or owner-occupied rehabilitation loans, disbursing funds on behalf of borrowers at time of property acquisition or during rehabilitation;(5) maintaining complete and accurate records of all CalHome Program loan disbursements and repayments to ensure adherence to proper accounting procedures for the CalHome Program loans, which may be verified by the Department and may be subject to a fiscal and programmatic audit;(6) complying with reporting requirements pursuant to Section 7754; and(7) complying with all other locality and/or nonprofit corporation requirements as set forth in these regulations and all applicable Federal and State regulations.Cal. Code Regs. Tit. 25, § 7721
1. New section filed 9-29-2003; operative 9-29-2003 pursuant to Government Code section 11343.4 (Register 2003, No. 40). Note: Authority cited: Sections 50406(n) and 50650.2, Health and Safety Code. Reference: Sections 50650.3(b), 50650.4 and 50650.7, Health and Safety Code.
1. New section filed 9-29-2003; operative 9-29-2003 pursuant to Government Code section 11343.4 (Register 2003, No. 40).