DIVISION 3. OBLIGATIONS 1427-3272.9›PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS 1738-3273›TITLE 4. LOAN 1884-1923.10›CHAPTER 7. Shared Appreciation Loans for Seniors 1917.320-1917.714›ARTICLE 5. General Provisions 1917.610-1917.619
§ 1917.616
California Civil Code · 2018-11 edition · updated 2026-10-04 · California
A shared appreciation loan for seniors which bears a fixed interest rate complying with the usury provisions of Article XV of the California Constitution shall not be deemed to become usurious by reason of the payment of actual contingent interest pursuant to this chapter; provided, however, that in no event may the amount of actual contingent interest received by the lender, plus the stated interest received by the lender, result in an annual percentage rate in excess of 1.5 times the applicable usury rate calculated pursuant to Article XV of the California Constitution, when all of such interest is applied over the actual term of the loan.
(Added by Stats. 1984, Ch. 1701, Sec. 1.)
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