California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 7 — Shared Appreciation Loans for Seniors, Article 5 — General Provisions, Section 1917.613
A shared appreciation loan for seniors shall not be subject to any provision of this code or the Financial Code which limits the interest rate or change of interest rate of variable interest rate or renegotiable interest instruments, or which requires particular language or provisions in security instruments securing variable or renegotiable rate obligations or in evidences of those debts.
This section is declaratory of existing law.
Notes
Exempts shared appreciation loans for seniors from Civil Code or Financial Code provisions limiting variable or renegotiable interest rates or requiring particular language in security instruments or debt evidence. Establishes that this exemption applies to loans under the chapter and declares the rule to reflect existing law.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1917.613 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-7/article-5/section-1917-613