Cal. Civ. Code § 1917.167

Current through the 2023 Legislative Session.

Section 1917.167 - Loan not deemed to become usurious by payment of contingent deferred interest

A shared appreciation loan which at origination 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 contingent deferred interest pursuant to this chapter.

Ca. Civ. Code § 1917.167

Repealed and added by Stats. 1982, Ch. 466, Sec. 12. Inoperative January 1, 1987, by Stats. 1982, Ch. 466, Sec. 12.5.