California § 4995.1. 4995.1. (Added by Stats. 2009, Ch. 629, Sec. 4.)

California Statutes

§ 4995.1. — 4995.1. (Added by Stats. 2009, Ch. 629, Sec. 4.)

California § 4995.1.

Code FINFinancial Code - FIN

Div. 1.10.DIVISION 1.10. HIGHER-PRICED MORTGAGE LOANS

This text of California § 4995.1. (4995.1. (Added by Stats. 2009, Ch. 629, Sec. 4.)) 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 § 4995.1. (2026).

Text

Notwithstanding any other provision of law, the maximum amount of a prepayment penalty that may be imposed by a licensed person in connection with a higher-priced mortgage loan shall not exceed 2 percent of the principal balance prepaid, for prepayment of the loan during the first 12 months following loan consummation or 1 percent of the principal balance prepaid, for prepayment of the loan during the second 12 months following loan consummation.

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Notwithstanding any other provision of law, the maximum amount of a prepayment penalty that may be imposed by a licensed person in connection with a higher-priced mortgage loan shall not exceed 2 percent of the principal balance prepaid, for prepayment of the loan during the first 12 months following loan consummation or 1 percent of the principal balance prepaid, for prepayment of the loan during the second 12 months following loan consummation.