California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 3.5 — Shared Appreciation Loans, Section 1917.002
A shared appreciation loan shall not be subject to any provisions of this code or the Financial Code which limits the interest rate or change of interest rate of variable, adjustable, or renegotiable interest instruments, or which requires particular language or provisions in security instruments securing variable, adjustable, or renegotiable rate obligations or in evidences of such debts except for those specifically imposed by Chapter 4 (commencing with Section 1917.010) or Chapter 7 (commencing with Section 1917.320) for loans subject to those chapters. This section is declaratory of existing law.
Notes
Exempts shared appreciation loans from Civil Code or Financial Code provisions limiting variable, adjustable, or renegotiable interest rates or requiring particular security-instrument or debt language. Limits that exemption by preserving requirements specifically imposed by the identified shared appreciation loan chapters for loans subject to those chapters, and declares the rule existing law.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.002 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-3-5/section-1917-002