Sections
5 entriesSection 1917.040Requires annual appraisal of property securing a shared appreciation loan by an independent appraiser selected by the lender. The appraisal must occur…Section 1917.041Allows a borrower who disputes an appraisal amount to obtain an appraisal at the borrower's expense from a qualified independent appraiser within…Section 1917.042Requires the amount to be used to calculate the annual adjustment to be one-half of the sum of the two appraisals if…Section 1917.043Establishes the appraisal amount determined under the applicable undisputed- or disputed-appraisal procedure as the property’s value from and after the loan anniversary…Section 1917.044Allows the terms of a shared-appreciation loan to specify the qualifications required of appraisers for purposes of the article and the referenced…