Lenders shall be exempt from the usury provisions of Article XV of the California Constitution with respect to shared appreciation loan transactions. This section is declaratory of existing law.
Cal. Civ. Code § 1917.005
Shared Appreciation Loans
Added by Stats. 1987, Ch. 652, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.