"Initial home buyer" defined
Sec. 2. As used in this chapter, "initial home buyer" means a
person who executes a contract with a builder to buy a new home and
who:
(1) occupies the new home as its first occupant; and
(2) occupies the new home as a residence.
As added by P.L.2-2002, SEC.12.
Last modified: May 24, 2006