Ca_Law

statute | California

Financial Code - FIN - FIN § 4979.6

Summary

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.

Text

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  • #1 | Financial Code - FIN - FIN § 4979.6

    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.