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.