Financing第 70 / 120 题
The California Cal-Vet home loan program is unusual because the state:
a.Only insures the loan
b.Guarantees the loan through the VA
c.Purchases the property and sells it to the veteran under a land contract
d.Waives all interest
解析
Under the Cal-Vet program, the California Department of Veterans Affairs buys the property and resells it to the eligible veteran, typically using a contract of sale. This gives the state a security interest in the property. Cal-Vet loans are funded through state bonds.
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同考点相关题目
- In a California deed of trust, the party who holds bare legal title as security until the loan is repaid is the:
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