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DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS 50000-50222›CHAPTER 2. Definitions 50050-50106

§ 50068.5

California Health and Safety Code · 2020-11 edition · updated 2026-10-04 · California

“First-time home buyer” means a person who is a purchaser of an owner-occupied housing unit and who neither has, nor has had, a present ownership in a principal residence at any time during the three-year period prior to the date on which the mortgage pursuant to this division is executed, except that this limitation shall not apply to a purchaser of a principal residence in a targeted area.

(Added by Stats. 1982, Ch. 320, Sec. 4. Effective June 29, 1982.)

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California Health and Safety Code

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