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 5 — General Provisions, Section 1917.610
The relationship of the borrower and the lender of a shared appreciation loan for seniors is that of debtor and creditor and shall not be, or be construed to be, a joint venture, an equity venture, a partnership, or other relationship.
Notes
Establishes the relationship between a borrower and lender under a shared appreciation loan for seniors as one of debtor and creditor. Prohibits treating or construing that relationship as a joint venture, equity venture, partnership, or other relationship, so the statute characterizes the parties only as debtor and creditor for this loan relationship.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.610 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-7/article-5/section-1917-610