Section 987.86 Of Article 3.1. Veterans’ Farm And Home Purchase Act Of 1974 From California Military And Veterans Code >> Division 4. >> Chapter 6. >> Article 3.1.
987.86
. (a) Any veteran for whom a farm or home is purchased under
this article may be granted a subsequent opportunity to purchase
another farm or home when the farm or home purchased under this
article is sold, refinanced, or the veteran's interest is divested
through divorce or dissolution of marriage. The maximum amount that
the department may advance under this subdivision is limited to the
maximum amounts set forth in Section 987.65 at the time the
application is made for the subsequent loan.
(b) Only one farm or home purchased under this article shall be
owned by a veteran or a veteran and the veteran's spouse at any one
time. This subdivision does not apply to an interest of a former
spouse.