California Financial Code
§ 4979.6
FIN § 4979.6 Effective Jan 1, 2002Div. 1.7 · Ch. 3
Statute text
View on leginfo.ca.govA 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.
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.