California Welfare and Institutions Code

§ 14006.15

WIC § 14006.15 Effective Jun 30, 2025Div. 9 · Part 3 · Ch. 7 · Art. 1

Statute text

(a)For the purposes of this section, “equity interest” means the lesser of the following:

(1)The assessed value of the principal residence determined under the most recent tax assessment, less any encumbrances of record.

(2)The appraised value of the principal residence determined by a qualified real estate appraiser who has been retained by the applicant or beneficiary, less any encumbrances of record.

…

Legislative history

Amended by Stats. 2025, Ch. 21, Sec. 65. (AB 116) Effective June 30, 2025. Operative January 1, 2026, by its own provisions.