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Cal. Mil. & Vet. Code § 987.655

Veterans’ Farm and Home Purchase Act of 1974

Known as the Veterans’ Farm and Home Purchase Act

The act spans §§ 987–987 (52 sections).

Amended by Stats. 2021, Ch. 549, Sec. 13

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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.