Sections
6 entriesSection 1917.130Allows lenders to make shared appreciation loans for purchases of specified one- to four-unit residential property, but requires financing of owner-occupied units,…Section 1917.131Requires shared appreciation loans to have 7-30-year terms and 30-40-year amortization, with fixed interest keyed to prevailing rate 90 days before closing…Section 1917.132Allows a shared-appreciation borrower to prepay principal and accrued interest, including contingent deferred interest, in whole or part at any time. Allows…Section 1917.133Requires refinancing at maturity for an unpaid, nondefaulted shared appreciation loan originally under 10 years, with borrower options disclosed at least 60…Section 1917.134Requires refinancing loans under the article to have terms and conditions governed by all laws applicable to loans that are in effect…Section 1917.135Allows a borrower to obtain financing other than the refinancing provided by the referenced shared appreciation loan provision. Allows the borrower and…