Statute · California Civil Code
Cal. Civ. Code § 1917.713 — Notices and Disclosures
Cal. Civ. Code § 1917.713
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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:
Citator
Cal. Civ. Code § 1917.713 — Notices and Disclosures is in force in the current edition of the Code, and nothing recorded condemns it.
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: $__.