The intent of this law is to provide a one-time benefit to the veteran, and the board shall not consider applications for the purchase of a second home as long as there are eligible veterans on the waiting list to apply for a first purchase.
If a veteran who has been the beneficiary of this chapter loses his home by fire, windstorm or other insurable hazard beyond his control and his account with the board is paid in full, the board may, in its discretion, approve the purchase of a home for such veteran, subject to all the other provisions of this chapter.
Structure Mississippi Code
Title 35 - War Veterans and Pensions
Chapter 7 - Veterans' Home Purchase Law
§ 35-7-3. Declaration of public policy
§ 35-7-9. Limitation on costs of administration of chapter
§ 35-7-13. Duty of public officials to cooperate with board
§ 35-7-19. Acquisition by board of leasehold interests in certain lands for resale to veterans
§ 35-7-27. Details of contract between board and purchaser
§ 35-7-33. Satisfaction of taxes, assessments, etc.; improvements
§ 35-7-35. Cancellation; foreclosure
§ 35-7-37. Care of property reverting to board
§ 35-7-39. Second purchases of property for veteran
§ 35-7-41. Rights of surviving spouse
§ 35-7-43. Removal of disability of minority
§ 35-7-45. Funds; sale of mortgages; issuance of notes
§ 35-7-47. Special consideration in event of hardship
§ 35-7-49. Confidentiality of information obtained in loan processing