California § 1916.9. 1916.9. (Added by Stats. 1980, Ch. 1139, Sec. 3.)

California Statutes

§ 1916.9. — 1916.9. (Added by Stats. 1980, Ch. 1139, Sec. 3.)

California § 1916.9.

JurisdictionCalifornia

Code CIVCivil Code - CIV

Div. 3.DIVISION 3. OBLIGATIONS

Title4.

Part 4.TITLE 4. LOAN

Ch. 3.CHAPTER 3. Loan of Money

This text of California § 1916.9. (1916.9. (Added by Stats. 1980, Ch. 1139, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Civil Code - CIV Code § 1916.9. (2026).

Text

(a)Every lender who offers a renegotiable rate mortgage loan pursuant to Section 1916.8 to a borrower who occupies or intends to occupy the property which is security for the loan shall also offer to such borrower a fixed rate mortgage loan in the same amount with a term of at least 29 years.

(b)Nothing in this section shall require that the terms of such alternative loans, including the rates of interest thereon, must be the same as those terms offered with regard to the fixed-payment adjustable-rate loan or the renegotiable rate mortgage loan also offered.

(c)This section does not apply to any lender who makes less than 10 loans per year.

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(a)
Every lender who offers a renegotiable rate mortgage loan pursuant to Section 1916.8 to a borrower who occupies or intends to occupy the property which is security for the loan shall also offer to such borrower a fixed rate mortgage loan in the same amount with a term of at least 29 years.
(b)
Nothing in this section shall require that the terms of such alternative loans, including the rates of interest thereon, must be the same as those terms offered with regard to the fixed-payment adjustable-rate loan or the renegotiable rate mortgage loan also offered.
(c)
This section does not apply to any lender who makes less than 10 loans per year.