California § 9855.6. 9855.6. (Amended by Stats. 2006, Ch. 538, Sec. 18.)

California Statutes

§ 9855.6. — 9855.6. (Amended by Stats. 2006, Ch. 538, Sec. 18.)

California·Code BPC Business and Professions Code - BPC·Div. 3. DIVISION 3. PROFESSIONS AND VOCATIONS GENERALLY·Ch. 20. CHAPTER 20. Electronic and Appliance Repair Dealers·Art. 4.5. ARTICLE 4.5. Service Contractors

Where a service contractholder cancels a service contract in accordance with Section 1794.41 of the Civil Code and the refund due is not paid to the service contractholder or credited to his or her account within 30 days after the service contractor receives written notice of cancellation, the amount of the required refund or credit shall bear interest, payable to the service contractholder, at the rate of 10 percent per annum for each additional 30 days or fraction thereof.

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Where a service contractholder cancels a service contract in accordance with Section 1794.41 of the Civil Code and the refund due is not paid to the service contractholder or credited to his or her account within 30 days after the service contractor receives written notice of cancellation, the amount of the required refund or credit shall bear interest, payable to the service contractholder, at the rate of 10 percent per annum for each additional 30 days or fraction thereof.

California § 9855.6. (9855.6. (Amended by Stats. 2006, Ch. 538, Sec. 18.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.