California § 1917.714. 1917.714. (Added by Stats. 1984, Ch. 1701, Sec. 1.)

California Statutes

§ 1917.714. — 1917.714. (Added by Stats. 1984, Ch. 1701, Sec. 1.)

California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 4.·Part 4. TITLE 4. LOAN·Ch. 7. CHAPTER 7. Shared Appreciation Loans for Seniors·Art. 6. ARTICLE 6. Notices and Disclosures

Each deed of trust and evidence of debt executed in connection with a shared appreciation loan for seniors shall contain a statement, printed or written in a size equal to at least 12-point bold type, consisting of substantially the following language: “THIS IS A [DURATION] SHARED APPRECIATION LOAN FOR SENIORS. THE LENDER'S INTEREST INCLUDES [PERCENT] OF THE NET APPRECIATED VALUE OF THE PROPERTY. A BALLOON PAYMENT OF PRINCIPAL WILL BE REQUIRED. FOR FURTHER INFORMATION, READ THE FLYER ENTITLED "
INFORMATION ABOUT THE [NAME OF LENDER] SHARED APPRECIATION LOAN FOR SENIORS.”’ The notice required by this section shall be
  completed to state the terms of the shared appreciation loan and the lender’s share of the net appreciated value.

Free access — add to your briefcase to read the full text and ask questions with AI

Each deed of trust and evidence of debt executed in connection with a shared appreciation loan for seniors shall contain a statement, printed or written in a size equal to at least 12-point bold type, consisting of substantially the following language: “THIS IS A [DURATION] SHARED APPRECIATION LOAN FOR SENIORS. THE LENDER'S INTEREST INCLUDES [PERCENT] OF THE NET APPRECIATED VALUE OF THE PROPERTY. A BALLOON PAYMENT OF PRINCIPAL WILL BE REQUIRED. FOR FURTHER INFORMATION, READ THE FLYER ENTITLED "
INFORMATION ABOUT THE [NAME OF LENDER] SHARED APPRECIATION LOAN FOR SENIORS.”’ The notice required by this section shall be
completed to state the terms of the shared appreciation loan and the lender’s share of the net appreciated value.

California § 1917.714. (1917.714. (Added by Stats. 1984, Ch. 1701, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.