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42 U.S.C. § 12713 — Eligibility under first-time homebuyer programs

submitted 36 years ago by Pub. L. 101-625 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 285 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about eligibility under first-time homebuyer programs. It assigns the listed duties, rights, limits, or requirements to the people and entities named in the section.

(a) Eligibility of displaced homemakers and single parents for Federal assistance for first-time homebuyers (1) Displaced homemakers No individual who is a displaced homemaker can be denied eligibility under any Federal program to assist first-time homebuyers on the basis that the individual, while a homemaker, owned a home with his or her spouse or resided in a home owned by the spouse. (2) Single parents No individual who is a single parent can be denied eligibility under any Federal program to assist first-time homebuyers on the basis that the individual, while married, owned a home with his or her spouse or resided in a home owned by the spouse. (b) Definitions For purposes of this section: (1) Displaced homemaker The term “displaced homemaker” means an individual who— (A) is an adult; (B) has not worked full-time, full-year in the labor force for a number of years but has, during such years, worked primarily without remuneration to care for the home and family; and (C) is unemployed or underemployed and is experiencing difficulty in obtaining or upgrading employment. (2) First-time homebuyer The term “first-time homebuyer” means an individual who has never, or has not during a specified period of time, had any present ownership interest in a principal residence. (3) Single parent The term “single parent” means an individual who— (A) is unmarried or legally separated from a spouse; and (B) (i) has 1 or more minor children for whom the individual has custody or joint custody; or (ii) is pregnant. (c) Applicability This section must apply to any Federal program to assist first-time homebuyers, unless the program is exempted from this section by a statute that amends this subsection or explicitly refers to this subsection.

the actual law source: uscode.house.gov ↗public domain
(a) Eligibility of displaced homemakers and single parents for Federal assistance for first-time homebuyers
(1) Displaced homemakers

No individual who is a displaced homemaker may be denied eligibility under any Federal program to assist first-time homebuyers on the basis that the individual, while a homemaker, owned a home with his or her spouse or resided in a home owned by the spouse.

(2) Single parents

No individual who is a single parent may be denied eligibility under any Federal program to assist first-time homebuyers on the basis that the individual, while married, owned a home with his or her spouse or resided in a home owned by the spouse.

(b) Definitions

For purposes of this section:

(1) Displaced homemaker

The term “displaced homemaker” means an individual who—

(A)

is an adult;

(B)

has not worked full-time, full-year in the labor force for a number of years but has, during such years, worked primarily without remuneration to care for the home and family; and

(C)

is unemployed or underemployed and is experiencing difficulty in obtaining or upgrading employment.

(2) First-time homebuyer

The term “first-time homebuyer” means an individual who has never, or has not during a specified period of time, had any present ownership interest in a principal residence.

(3) Single parent

The term “single parent” means an individual who—

(A)

is unmarried or legally separated from a spouse; and

(B)
(i)

has 1 or more minor children for whom the individual has custody or joint custody; or

(ii)

is pregnant.

(c) Applicability

This section shall apply to any Federal program to assist first-time homebuyers, unless the program is exempted from this section by a statute that amends this subsection or explicitly refers to this subsection.

Source credit: (Pub. L. 101–625, title IX, § 956, Nov. 28, 1990, 104 Stat. 4421.)

history & why it existsrecord from the source credit
  • 1990Enacted · Pub. L. 101-625 · 104 Stat. 4421

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-625 on 1990-11-28.

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