Sections
7 entriesSection 1917Defines contingent deferred interest as the borrower's agreed share of property appreciation, rents and profits, or both, and defines a shared appreciation…Section 1917.001Establishes the relationship between borrower and lender in a shared appreciation loan transaction as debtor and creditor. Prohibits treating or construing that…Section 1917.002Exempts shared appreciation loans from Civil Code or Financial Code provisions limiting variable, adjustable, or renegotiable interest rates or requiring particular security-instrument…Section 1917.003Establishes that each deed-of-trust lien securing a shared appreciation loan includes and secures the loan's principal amount and all interest, whether already…Section 1917.004Establishes that a shared appreciation loan lien, including principal, accrued or future interest, and contingent deferred interest, attaches when the deed of…Section 1917.005Exempts lenders from the usury provisions of Article XV of the California Constitution for shared appreciation loan transactions. Establishes that exemption specifically…Section 1917.006Defines a shared appreciation loan as owner-occupied one- to four-unit housing acquisition financing by a local public entity for low- or moderate-income…