California § 1917.032 - The borrower shall have the right to prepay, at any time, in full or in part, the
Full text of California Public Contract Code - PCC § 1917.032 — The borrower shall have the right to prepay, at any time, in full or in part, the, with citation guidance and answers to common questions.
§ 1917.032. The borrower shall have the right to prepay, at any time, in full or in part, the
(a) The borrower shall have the right to prepay, at any time, in full or in part, the principal loan balance of the shared appreciation loan, together with accrued interest, including deferred contingent interest. (b) Nothing in this chapter shall prevent a borrower from obligating himself or herself, by an agreement in writing, to pay a prepayment charge, as authorized by this section, upon prepayment of the loan, in full or in part, within five years of the date of execution of the shared appreciation loan. (c) Any prepayment charge imposed upon the prepayment of a shared appreciation loan shall not exceed the amount authorized and specified in subdivision (b) of Section 2954.9. (d) No prepayment charge shall be imposed as to any portion of the contingent deferred interest.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1917.032
What does Public Contract Code - PCC § 1917.032 cover?
Section 1917.032 ("The borrower shall have the right to prepay, at any time, in full or in part, the") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1917.032?
A common citation format is "Public Contract Code - PCC § 1917.032" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1917.032 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.