California Statutes
§ 1802.21. — 1802.21. (Added by Stats. 1979, Ch. 805.)
California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 2.·Part 4. TITLE 2. CREDIT SALES·Ch. 1. CHAPTER 1. Retail Installment Sales·Art. 2. ARTICLE 2. Definitions
“Precomputed basis” means the determination of a finance charge by multiplying the original unpaid balance of the contract by a rate and multiplying that product by the number of payment periods elapsing between the date on which the finance charge begins to be assessed and the date of the last scheduled payment.
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California § 1802.21. (1802.21. (Added by Stats. 1979, Ch. 805.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1979, Ch. 805.