California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 4 — Shared Appreciation Loans of E.R.I.S.A. Pension Funds, Article 4 — Annual Appraisals, Section 1917.042
If the appraisal by the appraiser selected by the borrower is lower in amount than the appraisal by the appraiser selected by the lender, the amount to be used to calculate the annual adjustment shall be one-half of the sum of the two appraisals.
Notes
Requires the amount to be used to calculate the annual adjustment to be one-half of the sum of the two appraisals if the appraisal by the appraiser selected by the borrower is lower in amount than the appraisal by the appraiser selected by the lender.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.042 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-4/article-4/section-1917-042