California Legal Codes and Statutes

§ 1917.713

Added by Stats. 1984, Ch. 1701, Sec. 1.

Each lender making a shared appreciation loan for seniors 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 FOR SENIORS

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. Stated interest rate on this loan: __%.

3. Projected contingent interest: __%.

4. Initial amount of this loan: $__.

5. Amount of the monthly annuity payments you will receive: $__.

6. Projected term of this loan: __ years.

7. Projected total loan obligation you will have to pay, assuming the loan continues to the end of the “borrower’s” life expectancy: $__.

Cite this section

Cal. Civ. Code § 1917.713 (2026)
https://ca.codecond.com/codes/civ/division-3-obligations/part-4-obligations-arising-from-particular-transactions/title-4-loan/chapter-7-shared-appreciation-loans-for-seniors/article-6-notices-and-disclosures/section-1917.713

Other sections in Article 6 - Notices and Disclosures

§ 1917.710§ 1917.711§ 1917.712§ 1917.713§ 1917.714

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