Sections
14 entriesSection 1912Defines a loan of money as a contract in which one person delivers a sum of money to another, who agrees to…Section 1913Requires a money borrower, unless an express contract provides otherwise, to pay the amount due in money that is current when the…Section 1914Establishes a presumption that a loan of money is made with interest unless the parties expressly stipulate otherwise in writing at the…Section 1915Defines interest as compensation allowed by law or fixed by the parties for the use, forbearance, or detention of money. Sets that…Section 1916Sets an interest rate prescribed by law or contract as an annual rate when the law or contract does not specify the…Section 1916.1Exempts loans and related forbearances, extensions, or modifications made or arranged by a California-licensed real estate broker and secured wholly or partly…Section 1916.2Exempts loans made by, and forbearances of, public retirement or pension systems created, authorized, and regulated under another state's laws or another…Section 1916.5Limits variable-interest increases by nonsupervised lenders on one- to four-unit residential purchase or construction loans to six-month intervals, one-fourth of 1 percent…Section 1916.6Allows a security document or related debt instrument governed by the referenced variable-rate provision to delay the first interest-rate change for five…Section 1916.7Allows adjustable-payment, adjustable-rate loans on borrower-occupied one- to four-unit property with 29-year minimum terms, 30-year amortization, rate or payment changes at most…Section 1916.8Allows renegotiable-rate mortgages with 3-, 4-, or 5-year terms, secured up to 30 years and renewable; initial terms may extend under six…Section 1916.9Requires a lender offering a renegotiable-rate mortgage to an owner-occupant or intended owner-occupant also to offer a fixed-rate mortgage in the same…Section 1916.11Establishes that a mortgage or deed-of-trust lien remains valid despite any other remedy a borrower may have for an alleged failure to…Section 1916.12Allows the Secretary of Business and Consumer Services or designee to extend equivalent federal mortgage rights, powers, privileges, or duties to residential…