Sections
10 entriesSection 1917.610Establishes the relationship between a borrower and lender under a shared appreciation loan for seniors as one of debtor and creditor. Prohibits…Section 1917.611Bars any waiver of a borrower’s rights under the chapter by declaring such a waiver void and unenforceable. The rule prevents a…Section 1917.612Requires shared appreciation loans for seniors made under the chapter to have terms and conditions consistent with the chapter. Exempts other lawful…Section 1917.613Exempts shared appreciation loans for seniors from Civil Code or Financial Code provisions limiting variable or renegotiable interest rates or requiring particular…Section 1917.614Requires the lien of a deed of trust securing a shared appreciation loan for seniors to include and secure the loan’s total…Section 1917.615Establishes that a shared appreciation loan for seniors lien, including the total loan obligation and accrued or future amounts, attaches when the…Section 1917.616Limits a fixed-rate shared appreciation loan for seniors that otherwise complies with constitutional usury rules from becoming usurious solely because actual contingent…Section 1917.617Exempts a shared appreciation loan for seniors from the qualification requirements of Corporations Code Sections 25110, 25120, and 25130 to the extent…Section 1917.618Requires every loan made under the chapter to be subject to the referenced Code of Civil Procedure provision. Establishes that statutory cross-reference…Section 1917.619Exempts obligations of loans made by lenders under the chapter from the California Constitution's restrictions on rates of interest. Establishes lenders making…