Cal. CIV § 1917.173

Cal. CIV § 1917.173

Last amended: 1982Year: 2025Length: 117 wordsOfficial source
Each lender making a shared appreciation loan shall additionally furnish to the prospective borrower, prior to 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 you should consider. 1. Prevailing interest rate: __%. 2. Interest rate on this loan: __%. 3. Lender’s share of net appreciated value: __%. 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: __ years. 8. Prepayment charge (if any): __.
Cal. CIV § 1917.173 | Justis AI