12 CCR s 309.5

Cal. Admin. Code tit. 12, s 309.5

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 309.5. Financial Information Requirements.

The applicant shall submit all relevant information described below:
(a) Applicant's occupation and spouse's occupation (if any).

(b) Number of years at present employment for the veteran and spouse (as
appropriate). The number of years at present employment is used in
considering the stability of the veteran's (and spouse's) income stream.
Income shall not be considered stable when the employee has less than six
(6) months with the same employer, unless there is other recent employment
in the same or a similar field.

(c) Debts and obligations, including child support or spousal support, and
any proposed secondary loans as described in Section 341.

(d) All income including:

(1) Gross salary and wages of the applicant and spouse;

(2) Interest on savings accounts and other investments which shall
still exist after a Cal-Vet loan is made;

(3) Dividends from stock or credit union deposits which shall still
exist after a Cal-Vet loan is made;

(4) Return on long-term personal notes and deeds of trust;

(5) Child or spousal support;

(6) Net income from real estate investments or business
enterprises;

(7) Veteran's disability payments;

(8) Social security benefits and income from public assistance
programs; Retirement income;

(9) Monetary gifts from friends or relatives;

(10) Income from military reserves or National Guard;

(11) Income from part-time or second jobs shall be considered when
employment verifications indicate continued employment is likely, so
long as the applicant has worked at the job for at least six (6)
months.

Note: Authority cited: Section 700, Military and Veterans Code.
Reference: Section 987.56, Military and Veterans Code.

HISTORY

1. New section filed 11-12-91; operative 12-12-91 (Register 92, No. 7).

12 CCR s 309.5, 12 CA ADC s 309.5
1CAC

12 CA ADC s 309.5

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