1. (a) To another qualified veteran applicant;
2. (b) To the veteran and spouse or Registered Domestic Partner, and no other party or parties, in joint tenancy, tenancy in common, or as community property;
3. (c) To a non-veteran spouse or Registered Domestic Partner to whom the entire interest in the CalVet Loan property is awarded in a dissolution of marriage, or termination of domestic partnership, legal separation, or nullity proceeding; provided, however, that where such non-veteran spouse or Registered Domestic Partner is not eligible to assume the loan at the interest rate prescribed for veterans, a higher interest rate shall be charged as fixed by the Home Loan Division from time to time; or
4. (d) To eligible heirs, devisees, or personal representatives. CalVet will not give its consent to any other assignments or assumptions, and as to any such assignments or assumptions made or taken without CalVet's consent the interest thereon shall be fixed at such higher rate as the Home Loan Division may determine from time to time, without prejudice to CalVet's exercise of any other rights or remedies for unconsented assignments or transfers.

CalVet will give its consent to an assignment or assumption of a CalVet Loan only in the following instances:

Note: Authority cited: Section 700, Military and Veterans Code. Reference: Sections 987.72, 987.721, 987.73 and 987.82, Military and Veterans Code.

History

1. Amendment filed 3-24-2026; operative 7-1-2026 (Register 2026, No. 13).