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Financial Code - FIN - FIN § 18609
Financial Code - FIN - FIN § 18609
All statutory, regulatory and contractual restrictions providing that the insured or the insurer shall not cancel the insurance contract unless the insured or the insurer first satisfies such restrictions by giving a prescribed notice of cancellation to a governmental agency, the
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Financial Code - FIN - FIN § 1861
Financial Code - FIN - FIN § 1861
It shall be unlawful for any director, officer, agent, or employee of any corporation to use or to conspire to use the credit, the funds, or the power of the corporation to fix or control the price of any commodities, and any person violating this section shall be punished by a f
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Financial Code - FIN - FIN § 18610
Financial Code - FIN - FIN § 18610
The insurer within a reasonable time after the effective date of cancellation shall return whatever gross unearned premiums or accrued dividends are payable under the insurance contract to the company, which financed the insurance contract, for the benefit of the insured. Wheneve
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Financial Code - FIN - FIN § 18611
Financial Code - FIN - FIN § 18611
At the time of mailing the notice required by Section 18606 or 18608, the employee of the company who is doing the mailing shall prepare and sign an affidavit setting forth the following: (a) The name and address of the employee doing the mailing. (b) That the employee is over 18
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Financial Code - FIN - FIN § 1862
Financial Code - FIN - FIN § 1862
No corporation shall be organized without adequate shareholders’ equity.
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Financial Code - FIN - FIN § 18625
Financial Code - FIN - FIN § 18625
A premium finance agency shall not, except as otherwise provided by law, impose, take, receive, reserve or charge a finance charge which in the aggregate is greater than that which is permitted by this article.
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Financial Code - FIN - FIN § 18626
Financial Code - FIN - FIN § 18626
A premium finance agency may, in a premium finance agreement, contract for, charge, receive, and collect a finance charge which shall not exceed in the aggregate: (a) Two percent per month on that part of the unpaid principal balance of any loan up to, including, but not in exces
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Financial Code - FIN - FIN § 18627
Financial Code - FIN - FIN § 18627
If the finance charge computed under Section 18626 is less than twenty-five dollars ($25), a minimum finance charge of twenty-five dollars ($25) may be imposed.
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Financial Code - FIN - FIN § 18628
Financial Code - FIN - FIN § 18628
The finance charge may be computed from the effective date of the insurance coverage, provided that the company shall pay the premium due the insurer, either: (a) Within 30 days from the effective date of the insurance coverage; or (b) Within 30 days after the receipt by the comp
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Financial Code - FIN - FIN § 18629
Financial Code - FIN - FIN § 18629
Notwithstanding the provisions of any premium finance agreement to the contrary, any insured may pay the obligation in full at any time before maturity of the final installment. If he does so, he shall receive a refund credit of the unearned finance charge computed in accordance
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Financial Code - FIN - FIN § 1863
Financial Code - FIN - FIN § 1863
The provisions of Chapter 5 (commencing with Section 1100) (except the provisions of Section 1121) applicable to, or with respect to, banks shall apply to, or with respect to, as the case may be, corporations.
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Financial Code - FIN - FIN § 18630
Financial Code - FIN - FIN § 18630
In the event that the insurance policy or policies which are the subject of a premium finance agreement are canceled by the insured or by the insurer, for any cause, the insured shall be entitled to receive a refund credit of the unearned finance charge. This refund credit shall
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Financial Code - FIN - FIN § 18631
Financial Code - FIN - FIN § 18631
(a) A premium finance agreement may provide for the payment of a default charge of one dollar ($1) to a maximum of 5 percent of the delinquent installment, in the event of a default for a period of not less than 10 days in the payment of any scheduled installment under the terms
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Financial Code - FIN - FIN § 18634
Financial Code - FIN - FIN § 18634
This article is applicable only to premium finance agencies.
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Financial Code - FIN - FIN § 18635
Financial Code - FIN - FIN § 18635
Whenever the interest or charges, or interest and charges deducted in advance exceed the maximum provided by this division, by reason of subsequent repayment of the loan, a new loan, refinancing, or otherwise, or any portion thereof prior to maturity, such excess shall be rebated
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Financial Code - FIN - FIN § 18636
Financial Code - FIN - FIN § 18636
(a) As an alternative to the provisions of Section 18635, if a loan is repayable in substantially equal and consecutive monthly installments of principal and charges combined, the first of which is due not less than 15 days nor more than one month and 15 days from the date the lo
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Financial Code - FIN - FIN § 18637
Financial Code - FIN - FIN § 18637
If a loan contract made under Section 18636 is prepaid in full by cash, a new loan, refinancing or otherwise before the final installment date, the borrower shall receive a rebate of the portion of the precomputed charge applicable to the full installment periods following the in
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Financial Code - FIN - FIN § 18638
Financial Code - FIN - FIN § 18638
A special rebate of precomputed charges shall be made if three or more, but not all, installments are prepaid in full at any one time either in one transaction or over a period of time on a loan made under Section 18636. The special rebate shall be equal to the portion of precomp
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Financial Code - FIN - FIN § 1864
Financial Code - FIN - FIN § 1864
Any bank may invest in the shares of any corporation organized under the provisions of this article, but the aggregate amount of stock held in all corporations engaged in business of the kind described in this chapter shall not exceed 10 percent of the subscribing bank’s sharehol
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Financial Code - FIN - FIN § 18640
Financial Code - FIN - FIN § 18640
A deferment charge may be charged and collected on a loan made under Section 18636 if the payment date of all wholly unpaid installments on which no default charge has been collected is deferred one or more full months and the loan contract so provides. Such deferment charge shal
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Financial Code - FIN - FIN § 18642
Financial Code - FIN - FIN § 18642
If the maturity of a loan made under Section 18636 is accelerated for any reason, the company shall make the same refund or credit as would be required if the loan contract was paid in full on the date of acceleration and the unpaid balance shall be treated as the unpaid principa
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Financial Code - FIN - FIN § 18643
Financial Code - FIN - FIN § 18643
Notwithstanding any other provision of law not within this article, with respect to precomputed loans, premium finance agencies derive authority only from this article.
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Financial Code - FIN - FIN § 1865
Financial Code - FIN - FIN § 1865
(a) In this section, “foreign bank” means any company organized under the laws of a foreign country, a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands, which engages in the business of banking, or any subsidiary or affiliate, organized und
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Financial Code - FIN - FIN § 18650
Financial Code - FIN - FIN § 18650
This chapter does not apply to any of the following transactions: (a) An acquisition of control of a California industrial loan company that requires the approval of the commissioner under Section 18138. (b) A sale or merger that requires the approval of the commissioner under Di
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Financial Code - FIN - FIN § 18651
Financial Code - FIN - FIN § 18651
Each application filed with the commissioner for an approval under this chapter shall be in the form, shall contain the information, shall be signed in the manner, and shall, if the commissioner requires by rule or order, be verified in the manner that the commissioner may by rul