Skip to content
ChatProjectCodes

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 6. Notices and Disclosures 1917.710-1917.714

§ 1917.713

California Civil Code · 2018-11 edition · updated 2026-10-04 · California

Each lender making a shared appreciation loan for seniors shall additionally furnish to the prospective borrower, prior to consummation of the loan, a statement containing the following information:IMPORTANT INFORMATION ABOUT YOUR SHARED APPRECIATION LOAN FOR SENIORS

You are being offered a shared appreciation loan. Before you decide to accept this loan, read this statement, which is designed to provide important information you should consider.

  1. Prevailing interest rate: __%.

  2. Stated interest rate on this loan: __%.

  3. Projected contingent interest: __%.

  4. Initial amount of this loan: $__.

  5. Amount of the monthly annuity payments you will receive: $__.

  6. Projected term of this loan: __ years.

  7. Projected total loan obligation you will have to pay, assuming the loan continues to the end of the “borrower’s” life expectancy: $__.

(Added by Stats. 1984, Ch. 1701, Sec. 1.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Civil Code
California Civil Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.