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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 2 — Terms and Conditions, Section 1917.332

Any provision in any loan made pursuant to this chapter for the discontinuation or termination of a monthly annuity other than upon the occurrence of a maturity event is void and unenforceable.

Notes

Bars a loan provision under the chapter from discontinuing or terminating a monthly annuity for any reason other than the occurrence of a maturity event. Makes any loan term providing for termination or discontinuation of the monthly annuity on another basis void and unenforceable.

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Lexinter.net | California Code, Civil Code - CIV § 1917.332 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-7/article-2/section-1917-332

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