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Code · California · Civil Code

§ 1917.173

117 words·~1 min read·/ca/civil-code/1917-173

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Each lender making a shared appreciation loan 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
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. Interest rate on this loan: __%.
3. Lender’s share of net appreciated value: __%.
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: __ years.
8. Prepayment charge (if any): __.
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