§8-20A-5. Deferral of repayment.
The governing body of a municipality or county may, at its
discretion, establish criteria for extreme hardship (by reason of
age, low income, disability or other factors) applicable to an
eligible owner, and which criteria will permit deferral of
repayment of a portion or of all the loan until a definite future
date, the death of the eligible owner or the sale of the "eligible
dwelling" to another owner, whichever occurs first. The eligible
owner for the purposes of this section shall be interpreted as the
person in whom title of the property is vested or the spouse of
said eligible owner at the time the rehabilitation loan or grant,
or both, is provided.