California Code, Civil Code - CIV § 1917.073

Current as of January 01, 2025 | Updated by Findlaw Staff

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) ____.

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Cite this article: FindLaw.com - California Code, Civil Code - CIV § 1917.073 - last updated January 01, 2025 | https://codes.findlaw.com/ca/civil-code/civ-sect-1917-073/

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