Cal. CIV § 1917.073
This is the official text of Cal. CIV § 1917.073, part of California’s Civil Code — covers contracts, property ownership, personal rights, and other general civil obligations between private parties.
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Official statutory 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) __.
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) __.
Status: in_force · Read it on the official government site
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