Cal. Fin. Code § 4979.6

Current through the 2023 Legislative Session.

Section 4979.6 - Points and fees in excess of $1,000 or 6% of original principal balance

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.

Ca. Fin. Code § 4979.6

Added by Stats 2001 ch 732 (AB 489), s 1, eff. 1/1/2002.