California Statutes
§ 22310. — 22310. (Added by Stats. 1994, Ch. 1115, Sec. 2.)
California·Code FIN Financial Code - FIN·Div. 9. DIVISION 9. CALIFORNIA FINANCING LAW·Ch. 2. CHAPTER 2. Consumer Loans·Art. 3. ARTICLE 3. Loan Regulations
(a)Except for a rebate or refund pursuant to any administrative, civil, or criminal action, or any act of the commissioner, a rebate or refund required to be made upon payment in full of a loan pursuant to this division need not be made if the aggregate of all rebates or refunds required in connection with a loan is less than one dollar ($1).
(b)No licensee shall contract for or receive any payment required in connection with a loan for the purpose of avoiding a rebate or
refund of less than one dollar ($1).
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California § 22310. (22310. (Added by Stats. 1994, Ch. 1115, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.