California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 7 — Shared Appreciation Loans for Seniors, Article 6 — Notices and Disclosures, Section 1917.710
(a) The disclosures made pursuant to this chapter, as required, shall be the only disclosures required to be made pursuant to state law for shared appreciation loans for seniors, notwithstanding any contrary provision applicable to loans not made under this chapter, except those, if any, that may be required by reason of the application of Division 1 (commencing with Section 25000) of the Corporations Code, or Chapter 1 (commencing with Section 11000) of Part 2 of Division 4 of the Business and Professions Code. However, a lender shall not be precluded from supplementing the disclosures required by this chapter with additional disclosures that are not inconsistent with the disclosures required by this chapter.
(b) Whenever specific language is prescribed by this chapter, substantially the same language shall be utilized if possible, but reasonably equivalent language may be used to the extent necessary or appropriate to achieve a clearer or more accurate disclosure.
Notes
Limits state-law disclosures for senior shared-appreciation loans to those required by the chapter, except disclosures required under the specified securities or real-estate laws. Allows lenders to add consistent disclosures and permits reasonably equivalent wording when necessary or appropriate for a clearer or more accurate disclosure, although prescribed language should be used substantially as written when possible.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.710 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-7/article-6/section-1917-710