Sections
10 entriesSection 1917.060Defines the relationship between borrower and lender on a shared appreciation loan as debtor and creditor. Bars that relationship from being, or…Section 1917.061Bars any waiver of a borrower’s rights under the chapter by declaring such a waiver void and unenforceable. The provision prevents a…Section 1917.062Allows a shared appreciation loan, excluding the refinancing obligation, to contain a provision accelerating principal and accrued interest when the property is…Section 1917.063Requires shared appreciation loans made under the chapter to have terms consistent with the chapter. Exempts otherwise lawful shared appreciation financing made…Section 1917.064Prohibits a shared appreciation loan from being subject to any provision of this code or the Financial Code which limits the interest…Section 1917.065Requires the lien of a deed of trust securing a shared appreciation loan to include and secure the principal amount of the…Section 1917.066Establishes that a shared appreciation loan lien, including principal, accrued or future interest, and contingent deferred interest, attaches when the deed of…Section 1917.067Exempts lenders making shared appreciation loans under the chapter from the usury provisions of Article XV of the California Constitution. Establishes that…Section 1917.068Exempts a shared appreciation loan from the specified Corporations Code qualification requirements only when its obligation is evidenced by one promissory note…Section 1917.069Limits aggregate fees charged to a shared-appreciation borrower for application processing and document preparation to the reasonable cost of those services and…