California Health and Safety Code

§ 50068.5

HSC § 50068.5 Effective Jun 29, 1982Div. 31 · Part 1 · Ch. 2

Statute text

“First-time home buyer” means a person who is a purchaser of an owner-occupied housing unit and who neither has, nor has had, a present ownership in a principal residence at any time during the three-year period prior to the date on which the mortgage pursuant to this division is executed, except that this limitation shall not apply to a purchaser of a principal residence in a targeted area.

Legislative history

Added by Stats. 1982, Ch. 320, Sec. 4. Effective June 29, 1982.