California § 1917.040 - The fair market value of the real property securing a shared appreciation loan sh
Full text of California Public Contract Code - PCC § 1917.040 — The fair market value of the real property securing a shared appreciation loan sh, with citation guidance and answers to common questions.
§ 1917.040. The fair market value of the real property securing a shared appreciation loan sh
The fair market value of the real property securing a shared appreciation loan shall be determined annually as provided in this article. The lender shall select an independent appraiser annually to perform an appraisal of the property subject to a shared appreciation loan. The appraisal shall be performed within 30 days preceding the anniversary date of the loan and a copy of the current appraisal shall be sent by first-class mail to the borrower no later than five days following the anniversary date of the loan, together with a notice informing the borrower that the appraisal will constitute a final and conclusive determination of the value of the property for certain purposes and that if the borrower disputes the amount of the appraisal, the borrower may procure an independent appraisal as provided in Section 1917.041. The lender may require the borrower to pay for the cost of the appraisal.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1917.040
What does Public Contract Code - PCC § 1917.040 cover?
Section 1917.040 ("The fair market value of the real property securing a shared appreciation loan sh") 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 § 1917.040?
A common citation format is "Public Contract Code - PCC § 1917.040" (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 § 1917.040 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.