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 1917.043
The appraisal amount, as determined pursuant to Section 1917.040 if the borrower does not dispute the appraisal amount, or 1917.042 if the borrower disputes the appraisal amount, shall constitute the value of the property from and after the anniversary date of the loan for the purpose of determining the property’s adjusted fair market value under Section 1917.020.
Notes
Establishes the appraisal amount determined under the applicable undisputed- or disputed-appraisal procedure as the property’s value from and after the loan anniversary date. That amount is then used to determine the property’s adjusted fair market value under the referenced provision, with the applicable appraisal procedure depending on whether the borrower disputes the appraisal.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.043 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-4/article-4/section-1917-043