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 1917.612
This chapter facilitates one method of making shared appreciation loans to senior citizens in this state. The terms and conditions of any shared appreciation loan for seniors made pursuant to this chapter shall be consistent with this chapter. This chapter does not, however, apply to or limit shared appreciation financing of real property of a type made pursuant to other provisions of law, or which is not otherwise unlawful. Nothing in this chapter shall be construed in any way to affect shared appreciation financing of residential property of senior citizens not meeting the criteria specified in this chapter.
Notes
Requires shared appreciation loans for seniors made under the chapter to have terms and conditions consistent with the chapter. Exempts other lawful shared appreciation financing from the chapter's application or limits, including financing of senior residential property that does not meet the chapter's specified eligibility criteria.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.612 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-7/article-5/section-1917-612