California Civil Code ARTICLE 3 - Terms and Conditions

• Section 1917.030.
  Lenders may make shared appreciation loans pursuant to this chapter for the purchase of real property improved with one- to four-family dwelling units, including structures...
• Section 1917.031.
  A shared appreciation loan shall include the following terms and conditions:(a) The term of the loan, excluding refinancing under Section 1917.033, shall be at least seven...
• Section 1917.032.
  (a) The borrower shall have the right to prepay, at any time, in full or in part, the principal loan balance of the shared appreciation loan,...
• Section 1917.033.
  (a) If the shared appreciation loan is not prepaid in full or the real property securing the loan is not sold or transferred prior to maturity...
• Section 1917.034.
  Nothing in this chapter shall preclude the borrower from obtaining any other financing, in lieu of the refinancing provided for in Section 1917.033, including refinancing...

Last modified: October 22, 2018