California § 1917.713 - Each lender making a shared appreciation loan for seniors shall additionally furn
Full text of California Public Contract Code - PCC § 1917.713 — Each lender making a shared appreciation loan for seniors shall additionally furn, with citation guidance and answers to common questions.
§ 1917.713. Each lender making a shared appreciation loan for seniors shall additionally furn
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 âborrowerâsâ life expectancy: $__.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1917.713
What does Public Contract Code - PCC § 1917.713 cover?
Section 1917.713 ("Each lender making a shared appreciation loan for seniors shall additionally furn") 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 § 1917.713?
A common citation format is "Public Contract Code - PCC § 1917.713" (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 § 1917.713 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.