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 4 — Annual Appraisals, Section 1917.041
If the borrower disputes the amount of the appraisal, the borrower, within 30 days of the anniversary date of the loan, may procure an appraisal of the property at the borrower’s expense by a qualified independent appraiser, and a copy of the appraisal shall be sent by first-class mail to the lender within the 30-day period.
Notes
Allows a borrower who disputes an appraisal amount to obtain an appraisal at the borrower's expense from a qualified independent appraiser within 30 days of the loan's anniversary date. Requires a copy of that appraisal to be sent to the lender by first-class mail within the same 30-day period.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.041 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-4/article-4/section-1917-041