California Code, Civil Code - CIV § 1917.713

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

Each lender making a shared appreciation loan for seniors 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 FOR SENIORS

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. Stated interest rate on this loan: ____%.

3. Projected contingent interest: ____%.

4. Initial amount of this loan: $____.

5. Amount of the monthly annuity payments you will receive: $____.

6. Projected term of this loan: ____ years.

7. Projected total loan obligation you will have to pay, assuming the loan continues to the end of the “borrower's” life expectancy: $____.

Previous Part of Code Next Part of Code

Back to Chapter List

Cite this article: FindLaw.com - California Code, Civil Code - CIV § 1917.713 - last updated January 01, 2025 | https://codes.findlaw.com/ca/civil-code/civ-sect-1917-713/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)