California § 987.875. 987.875. (Added by Stats. 1998, Ch. 362, Sec. 1.)

California Statutes

§ 987.875. — 987.875. (Added by Stats. 1998, Ch. 362, Sec. 1.)

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

Notwithstanding Section 987.87 or any other provision of law, the department shall report to the California Veterans Board and the Veterans’ Finance Committee of 1943, regarding the recommended rate of interest payable upon the amount remaining unpaid under any veteran’s purchase contract executed on or after January 1, 1999. The department, from time to time, shall establish and may modify, subject to the approval of the board and the committee, the actual rates to be paid, which may be fixed interest rates or variable interest rates, or the methodology and
				  timing for determining or modifying the actual interest rates to be paid, which methodology may produce fixed interest rates or variable interest rates on purchase contracts executed on or after January 1, 1999. The interest rate

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

Notwithstanding Section 987.87 or any other provision of law, the department shall report to the California Veterans Board and the Veterans’ Finance Committee of 1943, regarding the recommended rate of interest payable upon the amount remaining unpaid under any veteran’s purchase contract executed on or after January 1, 1999. The department, from time to time, shall establish and may modify, subject to the approval of the board and the committee, the actual rates to be paid, which may be fixed interest rates or variable interest rates, or the methodology and
timing for determining or modifying the actual interest rates to be paid, which methodology may produce fixed interest rates or variable interest rates on purchase contracts executed on or after January 1, 1999. The interest rates need not be uniform for all the purchase contracts. The interest rates shall be determined by the department in accordance with guidelines established by the board and the committee.

California § 987.875. (987.875. (Added by Stats. 1998, Ch. 362, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.