California Statutes
§ 4979.6. — 4979.6. (Added by Stats. 2001, Ch. 732, Sec. 1.)
California·Code FIN Financial Code - FIN·Div. 1.7. DIVISION 1.7. COVERED LOANS·Ch. 3. CHAPTER 3. Enforcement
A person who originates a covered loan shall not make a covered loan that finances points and fees in excess of one thousand dollars ($1,000) or 6 percent of the original principal balance, exclusive of points and fees, whichever is greater.
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California § 4979.6. (4979.6. (Added by Stats. 2001, Ch. 732, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2001, Ch. 732, Sec. 1. Effective January 1, 2002. Applicable, by Sec. 3 of Ch. 732, to consumer loans applied for on or after July 1, 2002.