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 6 — General Provisions, Section 1917.067
Lenders shall be exempt from the usury provisions of Article XV of the California Constitution with respect to shared appreciation loans made pursuant to this chapter.
This section is declaratory of existing law.
Notes
Exempts lenders making shared appreciation loans under the chapter from the usury provisions of Article XV of the California Constitution. Establishes that this exemption is declaratory of existing law and applies to shared appreciation loans made pursuant to the chapter and to the lenders making those loans.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.067 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-4/article-6/section-1917-067