California § 18642. 18642. (Added by Stats. 1979, Ch. 270.)

California Statutes

§ 18642. — 18642. (Added by Stats. 1979, Ch. 270.)

California § 18642.

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 § 18642. (18642. (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 § 18642. (2026).

Text

If the maturity of a loan made under Section 18636 is accelerated for any reason, the company shall make the same refund or credit as would be required if the loan contract was paid in full on the date of acceleration and the unpaid balance shall be treated as the unpaid principal balance and thereafter the unpaid balance of the loan contract shall bear charges at the agreed rate of charge if the loan contract so provides.

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If the maturity of a loan made under Section 18636 is accelerated for any reason, the company shall make the same refund or credit as would be required if the loan contract was paid in full on the date of acceleration and the unpaid balance shall be treated as the unpaid principal balance and thereafter the unpaid balance of the loan contract shall bear charges at the agreed rate of charge if the loan contract so provides.

Legislative History

Added by Stats. 1979, Ch. 270.

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California § 18642., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18642..