California § 987.62 - The department, after consummating a purchase transaction under the provisions of

Full text of California Public Contract Code - PCC § 987.62 — The department, after consummating a purchase transaction under the provisions of, with citation guidance and answers to common questions.

§ 987.62. The department, after consummating a purchase transaction under the provisions of

(a) The department, after consummating a purchase transaction under the provisions of this article and the veteran having occupied the property as required by Section 987.60 of this article, may: (1) Annually waive the occupancy requirement on a showing of good cause. The property financed under this article is intended to remain owner-occupied, and not become an investment, rental, or business property. (2) Waive the occupancy requirement for any period of time if the property is a farm and if the veteran personally cultivates the property and harvests the crops or tends livestock. (3) Annually waive the veteran-occupied unit of a residence with two or four units. (b) The department shall establish standards for the occupancy waiver and shall make those standards known. (c) The department shall waive the occupancy requirement in any case where the State Department of Health determines that health hazards on adjacent property render the farm, home, or mobilehome unsuitable for occupancy, and the waiver shall be effective as long as those conditions exist.

Source: official California text · Last verified 2026-08-27

Frequently Asked Questions About California § 987.62

What does Public Contract Code - PCC § 987.62 cover?

Section 987.62 ("The department, after consummating a purchase transaction under the provisions of") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite California § 987.62?

A common citation format is "Public Contract Code - PCC § 987.62" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of California law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.

How does California § 987.62 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in California.