California § 1917.616 - A shared appreciation loan for seniors which bears a fixed interest rate complyin
Full text of California Public Contract Code - PCC § 1917.616 — A shared appreciation loan for seniors which bears a fixed interest rate complyin, with citation guidance and answers to common questions.
§ 1917.616. A shared appreciation loan for seniors which bears a fixed interest rate complyin
A shared appreciation loan for seniors which bears a fixed interest rate complying with the usury provisions of Article XV of the California Constitution shall not be deemed to become usurious by reason of the payment of actual contingent interest pursuant to this chapter; provided, however, that in no event may the amount of actual contingent interest received by the lender, plus the stated interest received by the lender, result in an annual percentage rate in excess of 1.5 times the applicable usury rate calculated pursuant to Article XV of the California Constitution, when all of such interest is applied over the actual term of the loan.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1917.616
What does Public Contract Code - PCC § 1917.616 cover?
Section 1917.616 ("A shared appreciation loan for seniors which bears a fixed interest rate complyin") 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 § 1917.616?
A common citation format is "Public Contract Code - PCC § 1917.616" (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 § 1917.616 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.