32-27-2-2. "Initial home buyer" defined

IN Code § 32-27-2-2 (2019) (N/A)
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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.

[Pre-2002 Recodification Citation: 32-15-7-2.]

As added by P.L.2-2002, SEC.12.