Louisiana Administrative Code
Title 16 - COMMUNITY AFFAIRS
Part II - Housing Programs
Chapter 7 - Turnkey Mortgage Origination Program
Section II-703 - Definitions
Current through Register Vol. 50, No. 9, September 20, 2024
A. Notwithstanding the definitions set forth in LAC 16:I.301, the following terms, when used in this Chapter, are defined as follows.
Annual Family Income-the gross annual income, from all sources and before taxes or withholding, of all members of a family living in a housing unit.
Borrower-an individual or family applying to receive down payment assistance under the Turnkey Mortgage Origination Program.
Housing Unit-living accommodations intended for occupancy by a single family, consisting of one to four units, and which will be owned by the occupant thereof.
AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600.1 et seq.
