homestead property
Defined in 1 place of the United States Code.
The term “homestead property” means the principal residence and adjoining property possessed and occupied by a borrower-owner specified in paragraph (2) of this subsection, including a reasonable number of farm outbuildings located on the adjoining land that are useful to the occupants of the homestead, and no more than 10 acres of adjoining land that is used to maintain the family of the individual.
Source
- 1995–present7 U.S.C. § 2000Agriculture · Homestead protection · as used in this section