CHAPTER 3.5. Shared Appreciation Loans [1917. - 1917.006.]

Chapter 3.5 added by Stats. 1987, Ch. 652, Sec. 1.

§§ 1917–1917.006 · 7 sections

• § 1917 For purposes of this chapter: (a) “Contingent deferred interest” means the sum a borrower is obligated to pay to a lender pursuant to the documentation of a…
• § 1917.001 The relationship of the borrower and the lender in a shared appreciation loan transaction is that of debtor and creditor and shall not be, or be construed to…
• § 1917.002 A shared appreciation loan shall not be subject to any provisions of this code or the Financial Code which limits the interest rate or change of interest rate…
• § 1917.003 The lien or liens of a deed or deeds of trust securing a shared appreciation loan shall include and secure the principal amount of the shared appreciation…
• § 1917.004 (a) The lien of a shared appreciation loan, including the principle amount and all interest, whether accrued or to be accrued, and all amounts of contingent…
• § 1917.005 Lenders shall be exempt from the usury provisions of Article XV of the California Constitution with respect to shared appreciation loan transactions. This…
• § 1917.006 For purposes of this chapter: (a) “Shared appreciation loan” means, in addition to the meaning defined in Section 1917, a loan that obligates the borrower to…