California Civil Code

§ 2945.4

CIV § 2945.4 Effective Jan 1, 2009Div. 3 · Title 14 · Part 4 · Ch. 2 · Art. 1.5

Statute text

It shall be a violation for a foreclosure consultant to:

(a)Claim, demand, charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented that he or she would perform.

(b)Claim, demand, charge, collect, or receive any fee, interest, or any other compensation for any reason which exceeds 10 percent per annum of the amount of any loan which the foreclosure consultant may make to the owner.

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Legislative history

Amended by Stats. 2008, Ch. 278, Sec. 4. Effective January 1, 2009. Operative July 1, 2009, by Sec. 7 of Ch. 278.