Ca_Law

statute | California

Civil Code - CIV - CIV § 1917.073

  • UIDca_leginfo_codes:civ-1917-073
  • CitationCivil Code - CIV - CIV § 1917.073
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

Each lender making a shared appreciation loan shall additionally furnish to the prospective borrower, prior to the consummation of the loan, a statement containing the following information: IMPORTANT INFORMATION ABOUT YOUR SHARED APPRECIATION LOAN You are being offered a shared

Text

Each lender making a shared appreciation loan shall additionally furnish to the prospective borrower, prior to the consummation of the loan, a statement containing the following information:
IMPORTANT INFORMATION ABOUT YOUR SHARED APPRECIATION LOAN
You are being offered a shared appreciation loan. Before you decide to accept this loan read this statement, which is designed to provide important information that you should consider.
1.
Prevailing interest rate: __%.
2.
Fixed interest rate on this loan: __%.
3.
Lender’s share of net appreciated value: one-third.
4.
Amount of this loan: $__.
5.
Amount of the monthly payments: $__.
6.
Term of this loan: __ years.
7.
Amortization period on which payments are calculated: 30 years.
8.
Prepayment penalty (if any) __.

Retrieval chunks

  • #1 | Civil Code - CIV - CIV § 1917.073

    Each lender making a shared appreciation loan shall additionally furnish to the prospective borrower, prior to the consummation of the loan, a statement containing the following information: IMPORTANT INFORMATION ABOUT YOUR SHARED APPRECIATION LOAN You are being offered a shared appreciation loan. Before you decide …