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homestead law

   Also found in: Dictionary/thesaurus 0.04 sec.
homestead law
(in the US and Canada) any of various laws conferring certain privileges on owners of homesteads


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Under the homestead laws in Texas, homeowners can file for immediate protection status that will legally safeguard their homes from being seized in creditor proceedings.
Under the designation homestead laws in Texas, homeowners can file for immediate protection status that will legally safeguard their homes from being seized in creditor proceedings.
The law, called Designation of Homestead, is often confused with another homestead law in the state that allows property owners to claim a Homestead Tax Exemption.
 
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