Statute · California Military and Veterans Code
Cal. Mil. & Vet. Code § 987.655 — Veterans’ Farm and Home Purchase Act of 1974
Cal. Mil. & Vet. Code § 987.655
- Type
- Statute
- Source
- California Military and Veterans Code
- Jurisdiction
- California
- Date
- 2022-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
For a mobilehome which is to be sited in a mobilehome park as defined in Section 18214 of the Health and Safety Code, the department shall charge a rate of interest higher than that which is charged to purchasers of conventional housing or of a mobilehome sited on a lot owned by the purchaser.…
Citator
Cal. Mil. & Vet. Code § 987.655 — Veterans’ Farm and Home Purchase Act of 1974 is in force in the current edition of the Code, and nothing recorded condemns it.
For a mobilehome which is to be sited in a mobilehome park as defined in Section 18214 of the Health and Safety Code, the department shall charge a rate of interest higher than that which is charged to purchasers of conventional housing or of a mobilehome sited on a lot owned by the purchaser. The interest rate shall be set by the department to balance lending risk while maintaining a rate at or below the market rate for a mobilehome in a park.