1. (a) Homebuyer education shall be provided to all homebuyers receiving a CalHome mortgage assistance loan and to all self-help participants being assisted under a CalHome self-help technical assistance grant. For each home purchase completed by an assisted household, the CalHome program shall provide a grant of up to a maximum amount as published in the latest NOFA per assisted household toward the cost of the homebuyer education, provided the following conditions are met:

   1. (1) homebuyer education curriculum shall be pre-approved by the Department and at a minimum, shall include the following topics;

      1. (A) preparing for homeownership
      2. (B) available financing and credit analysis;
      3. (C) loan closing and homebuyer responsibilities;
      4. (D) home maintenance and loan servicing;
   2. (2) a certificate of successful completion of homebuyer education shall be issued to each prospective homeowner and a copy submitted to the Department.

Note: Authority cited: Sections 50406(n) and 50650.2, Health and Safety Code. Reference: Section 50650.3(b), Health and Safety Code.

History

1. New section filed 9-29-2003; operative 9-29-2003 pursuant to Government Code section 11343.4 (Register 2003, No. 40).