Sections
5 entriesSection 1917.330Allows lenders to refinance owner-occupied one- to four-unit residential property with shared appreciation loans for seniors; for two- to four-unit property, only…Section 1917.331Requires shared appreciation loans for seniors to have an open-ended term, monthly annuity payments, stated interest, and contingent interest. Extends a maturity…Section 1917.332Bars a loan provision under the chapter from discontinuing or terminating a monthly annuity for any reason other than the occurrence of…Section 1917.333Allows a borrower to prepay the total obligation of a shared appreciation loan for seniors at any time, either in full or…Section 1917.334Requires the terms and conditions of a shared appreciation loan for seniors to comply with all laws applicable to loans that are…