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2016 California Code
Financial Code - FIN
DIVISION 1.7 - COVERED LOANS
CHAPTER 3 - Enforcement
Section 4979.6.

CA Fin Code § 4979.6 (2016) What's This?

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.

(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.)

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