The department may, in the contract of purchase with a veteran, provide that, in the event of default by the veteran and forfeiture of his or her rights under the contract and subsequent sale of the property by the department, it may pay to the veteran any net gain realized by the department upon the sale. The department is the sole judge of the net gain.
(Amended by Stats. 1994, Ch. 114, Sec. 67. Effective January 1, 1995.)
Last modified: October 25, 2018