California Statutes
§ 18638. — 18638. (Added by Stats. 1979, Ch. 270.)
California § 18638.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES
Ch. 8.CHAPTER 8. Insurance Premium Financing
Art. 5.ARTICLE 5. Charges on Scheduled Balances
This text of California § 18638. (18638. (Added by Stats. 1979, Ch. 270.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 18638. (2026).
Text
A special rebate of precomputed charges shall be made if three or more, but not all, installments are prepaid in full at any one time either in one transaction or over a period of time on a loan made under Section 18636. The special rebate shall be equal to the portion of precomputed charge applicable to the last installment period multiplied by the total number of full installment periods such installments and any subsequent installments are prepaid. Such special rebate shall be computed and made at the termination of the loan contract and shall be an addition to any required rebate for prepayment in full.
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Legislative History
Added by Stats. 1979, Ch. 270.
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Bluebook (online)
California § 18638., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18638..