California Military and Veterans Code

§ 987.62

MVC § 987.62 Effective Jan 1, 2022Div. 4 · Ch. 6 · Art. 3.1

Statute text

(a)The department, after consummating a purchase transaction under the provisions of this article and the veteran having occupied the property as required by Section 987.60 of this article, may:

(1)Annually waive the occupancy requirement on a showing of good cause. The property financed under this article is intended to remain owner-occupied, and not become an investment, rental, or business property.

(2)Waive the occupancy requirement for any period of time if the property is a farm and if the veteran personally cultivates the property and harvests the crops or tends livestock.

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Legislative history

Amended by Stats. 2021, Ch. 549, Sec. 11. (SB 661) Effective January 1, 2022.