California § 987.72. 987.72. (Added by Stats. 1974, Ch. 1477.)

California Statutes

§ 987.72. — 987.72. (Added by Stats. 1974, Ch. 1477.)

California·Code MVC Military and Veterans Code - MVC·Div. 4. DIVISION 4. VETERANS' AID AND WELFARE·Ch. 6. CHAPTER 6. State Benefits for Veterans·Art. 3.1. ARTICLE 3.1. Veterans’ Farm and Home Purchase Act of 1974

The provisions of Section 987.71, relative to the rate of interest to be charged to veteran purchasers do not apply to assignees of such purchasers who are not veterans, but as to such assignees the rate of interest shall be as fixed by the department, compounded at periods fixed by the department.
The action of the department in refusing to permit any assignments except as provided in this section is hereby ratified and confirmed, it having at all times been the intent of the Legislature that Section 987.71 apply to veteran purchasers only.

Free access — add to your briefcase to read the full text and ask questions with AI

The provisions of Section 987.71, relative to the rate of interest to be charged to veteran purchasers do not apply to assignees of such purchasers who are not veterans, but as to such assignees the rate of interest shall be as fixed by the department, compounded at periods fixed by the department.
The action of the department in refusing to permit any assignments except as provided in this section is hereby ratified and confirmed, it having at all times been the intent of the Legislature that Section 987.71 apply to veteran purchasers only.

California § 987.72. (987.72. (Added by Stats. 1974, Ch. 1477.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.