California § 50504. 50504. (Repealed and added by Stats. 1995, Ch. 564, Sec. 20.)

California Statutes

§ 50504. — 50504. (Repealed and added by Stats. 1995, Ch. 564, Sec. 20.)

California § 50504.

Code FINFinancial Code - FIN

Div. 20.DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT

Ch. 7.CHAPTER 7. Prohibited Practices and Penalties

This text of California § 50504. (50504. (Repealed and added by Stats. 1995, Ch. 564, Sec. 20.)) 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 § 50504. (2026).

Text

(a)If an amount other than or in excess of the charges permitted by this division is willfully charged, contracted for, or received, in addition to any other penalties or remedies, the commissioner may order the licensee to refund to all borrowers charged the excess amount, the excess amount and the amount of the charge, both with interest at the rate of 10 percent per annum, calculated from the date the improper charge was imposed.

(b)If interest on the principal amount of a loan in excess of the amount authorized by this division is willfully charged, contracted for, or received, in addition to any other penalties or remedies, the commissioner may order the licensee to refund the excess interest amount to all borrowers charged the excess amount, with interest at the rate of 10 percent

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(a)
If an amount other than or in excess of the charges permitted by this division is willfully charged, contracted for, or received, in addition to any other penalties or remedies, the commissioner may order the licensee to refund to all borrowers charged the excess amount, the excess amount and the amount of the charge, both with interest at the rate of 10 percent per annum, calculated from the date the improper charge was imposed.
(b)
If interest on the principal amount of a loan in excess of the amount authorized by this division is willfully charged, contracted for, or received, in addition to any other penalties or remedies, the commissioner may order the licensee to refund the excess interest amount to all borrowers charged the excess amount, with interest at the rate of 10 percent per annum, calculated from the date the improper charge was imposed.

Legislative History

Repealed and added by Stats. 1995, Ch. 564, Sec. 20. Effective January 1, 1996.

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California § 50504., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/50504..