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 7 — Notices and Disclosures, Section 1917.074
Each deed of trust and evidence of debt executed in connection with a shared appreciation loan shall contain a statement, printed or written in a size equal to at least 12-point bold type, consisting of substantially the following language: “THIS IS A [DURATION] SHARED APPRECIATION LOAN. THE LENDER'S INTEREST INCLUDES ONE-THIRD OF THE NET APPRECIATED VALUE OF THE PROPERTY. FOR FURTHER INFORMATION, READ THE FLYER "INFORMATION ABOUT THE [NAME OF LENDER] SHARED APPRECIATION LOAN.'" The notice required by this section shall be completed to state the term of the shared appreciation loan.
Notes
Requires every deed of trust and evidence of debt for a shared appreciation loan to contain, in at least 12-point bold type, substantially the prescribed notice identifying the loan as shared appreciation and stating that the lender's interest includes one-third of net appreciated property value. Requires the notice to be completed with the loan's term.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.074 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-4/article-7/section-1917-074