{"code":"MVC","codeName":"Military and Veterans Code","section":"987.655","citation":"Mil. & Vet. Code, § 987.655","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 4. VETERANS' AID AND WELFARE [690. - 1008.5.]","url":"https://blackletter.si/military-and-veterans-code/division-4"},{"name":"CHAPTER 6. State Benefits for Veterans [980. - 999.80.]","url":"https://blackletter.si/military-and-veterans-code/division-4/chapter-6"},{"name":"ARTICLE 3.1. Veterans’ Farm and Home Purchase Act of 1974 [987.50. - 987.93.]","url":"https://blackletter.si/military-and-veterans-code/division-4/chapter-6/article-3.1"}],"history":"Amended by Stats. 2021, Ch. 549, Sec. 13.   (SB 661)   Effective January 1, 2022.","effective":"2022-01-01","html":"<p>For a mobilehome which is to be sited in a mobilehome park as defined in Section <a href=\"/hsc/18214\">18214</a> of the Health and Safety Code, the department shall charge a rate of interest higher than that which is charged to purchasers of conventional housing or of a mobilehome sited on a lot owned by the purchaser. The interest rate shall be set by the department to balance lending risk while maintaining a rate at or below the market rate for a mobilehome in a park.</p>","text":"For a mobilehome which is to be sited in a mobilehome park as defined in Section 18214 of the Health and Safety Code, the department shall charge a rate of interest higher than that which is charged to purchasers of conventional housing or of a mobilehome sited on a lot owned by the purchaser. The interest rate shall be set by the department to balance lending risk while maintaining a rate at or below the market rate for a mobilehome in a park.","otherVersions":[],"url":"https://blackletter.si/military-and-veterans-code/veterans-farm-and-home-purchase-act-of-1974-987-655","source":"California Legislative Information bulk export (pubinfo)"}