California § 1917.073. 1917.073. (Repealed and added by Stats. 1982, Ch. 466, Sec. 11.)

California Statutes

§ 1917.073. — 1917.073. (Repealed and added by Stats. 1982, Ch. 466, Sec. 11.)

California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 4.·Part 4. TITLE 4. LOAN·Ch. 4. CHAPTER 4. Shared Appreciation Loans of E.R.I.S.A. Pension Funds·Art. 7. ARTICLE 7. Notices and Disclosures

Each lender making a shared appreciation loan shall additionally furnish to the prospective borrower, prior to the consummation of the loan, a statement containing the following information: IMPORTANT INFORMATION ABOUT YOUR SHARED APPRECIATION LOAN 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 that you should consider.

1.Prevailing interest rate: __%.

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

3.Lender’s share of net appreciated value: one-third.

4.Amount of this loan: $__.

5.Amount of the monthly payments: $__.

6.Term of this loan: __ years.

7.Amortization period on which payments are calculated: 30 years.

8.Prepayment penalty (if any) __.

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Each lender making a shared appreciation loan shall additionally furnish to the prospective borrower, prior to the consummation of the loan, a statement containing the following information:
IMPORTANT INFORMATION ABOUT YOUR SHARED APPRECIATION LOAN
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 that you should consider.
1.
Prevailing interest rate: __%.
2.
Fixed interest rate on this loan: __%.
3.
Lender’s share of net appreciated value: one-third.
4.
Amount of this loan: $__.
5.
Amount of the monthly payments: $__.
6.
Term of this loan: __ years.
7.
Amortization period on which payments are calculated: 30 years.
8.
Prepayment penalty (if any) __.

California § 1917.073. (1917.073. (Repealed and added by Stats. 1982, Ch. 466, Sec. 11.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.