Veteran uses Cal-Vet residential loan program with installment sales contract. Who gives deed to property?

The previous property owner (vendor) typically holds title in a standard installment sale, but Cal-Vet loans are special financing arrangements where the state lender takes title as security, unlike conventional installment contracts.

The vendee (buyer/veteran) is the recipient of the deed, not the giver. In Cal-Vet loans, the veteran obtains title only after full repayment, never gives the deed during the transaction.

There is sufficient evidence in the question to determine the correct answer. The Cal-Vet loan program structure clearly indicates the state holds title and gives the deed upon full repayment.