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 1917.005
Lenders shall be exempt from the usury provisions of Article XV of the California Constitution with respect to shared appreciation loan transactions. This section is declaratory of existing law.
Notes
Exempts lenders from the usury provisions of Article XV of the California Constitution for shared appreciation loan transactions. Establishes that exemption specifically for lenders participating in those transactions and declares the rule to reflect existing law, so the constitutional usury provisions do not govern those lenders with respect to shared appreciation loans.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.005 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-3-5/section-1917-005