Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter319 Assistance to Finance Housing |
DEFERRED MORTGAGE LOANS FOR DOWN PAYMENTS AND CLOSING COSTS |
NAC319.5655. “Household income” defined.
Latest version.
- “Household income”:
1. Means the income of the mortgagor and of any other person who will be living in the eligible residence and who is at least 18 years of age; and
2. Must be determined in accordance with the provisions of 42 U.S.C. § 1437f and the regulations adopted pursuant thereto concerning determination of income.
(Added to NAC by Housing Div. by R136-03, eff. 11-26-2003)