12 CCR s 345.6

Cal. Admin. Code tit. 12, s 345.6

CALIFORNIA CODE OF REGULATIONS
TITLE 12. MILITARY AND VETERANS AFFAIRS
DIVISION 2. DEPARTMENT OF VETERANS' AFFAIRS
CHAPTER 2. VETERANS' FARM AND HOME PURCHASES
SUBCHAPTER 3. CONTRACT AND OTHER TERMS
This database is current through 12/22/06, Register 2006, No. 51.
s 345.6. Amounts to Be Financed on Repossessed Properties.

(a) In cases where the Department's financing is requested, the amount
financed shall not exceed the maximum purchase prices specified in Section
987.65 of the Military and Veterans Code.

(b) A purchaser of a repossessed property that has a value higher than the
maximum purchase prices referred to in (a) above, must either provide cash
to cover the difference between the sale price of the property and the
maximum purchase price, or obtain secondary financing as described in
Section 341.

Note: Authority cited: Section 700, Military and Veterans Code.
Reference: Sections 985.2, 987.6, 987.51 and 987.78(a) Military and
Veterans Code.

HISTORY

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

12 CCR s 345.6, 12 CA ADC s 345.6
1CAC

12 CA ADC s 345.6

END OF DOCUMENT