12 CCR s 305.2

Cal. Admin. Code tit. 12, s 305.2

CALIFORNIA CODE OF REGULATIONS
TITLE 12. MILITARY AND VETERANS AFFAIRS
DIVISION 2. DEPARTMENT OF VETERANS' AFFAIRS
CHAPTER 2. VETERANS' FARM AND HOME PURCHASES
SUBCHAPTER 1. ELIGIBILITY AND QUALIFICATIONS
This database is current through 12/22/06, Register 2006, No. 51.
s 305.2. Subsequent Loan Benefit; Career Officer.

(a) A career officer, qualified as a veteran as defined in Section 980 of
the Military and Veterans Code, shall be granted a subsequent opportunity
to purchase property under the Cal-Vet loan program for service during
more than one qualifying war period. An officer shall qualify for a
subsequent loan for service if the officer served in a campaign or
expedition, at any time for which a medal has been authorized by the
federal government. Only one loan shall be granted during any one
qualifying war period, therefore, the service in a campaign or expedition
must have occurred outside of the qualifying war periods.

(b) The first Cal-Vet loan must be sold, or the veteran's interest must
have been divested through divorce or dissolution of marriage, and the
contract paid in full before the veteran may obtain a subsequent loan and
the veteran must be qualified under the federal restrictions on the uses
of tax-exempt bonds at the time the subsequent loan is funded.

(c) If the veteran has dual eligibility (qualifies for veteran status
under two qualifying war periods), then the previous Cal-Vet loan must
have been paid in full, but the property need not be sold.

Note: Authority cited: Section 700, Military and Veterans Code.
Reference: Sections 980, 987.52, 987.86(a), 987.86(b), 987.86(c) and
987.86(d), Military and Veterans Code; and 26 United States Code
Annotated, Section 143.

HISTORY

1. New section filed 12-9-91; operative 1-8-92 (Register 92, No. 9).

2. Repealer of subsection (b) and subsection relettering filed 3-26-93;
operative 4-26-93 (Register 93, No. 13).

3. Change without regulatory effect amending subsection (b), new
subsection (c)
and amendment of Note filed 12-2-96 pursuant to
section 100, title 1,California Code of Regulations (Register 96, No. 49).

12 CCR s 305.2, 12 CA ADC s 305.2
1CAC

12 CA ADC s 305.2

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