{"code":"FIN","codeName":"Financial Code","section":"22307.5","citation":"Fin. Code, § 22307.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 9. CALIFORNIA FINANCING LAW [22000. - 22780.1.]","url":"https://blackletter.si/financial-code/division-9"},{"name":"CHAPTER 2. Consumer Loans [22200. - 22470.]","url":"https://blackletter.si/financial-code/division-9/chapter-2"},{"name":"ARTICLE 3. Loan Regulations [22300. - 22347.]","url":"https://blackletter.si/financial-code/division-9/chapter-2/article-3"}],"history":"Added by Stats. 2019, Ch. 708, Sec. 7.   (AB 539)   Effective January 1, 2020.","effective":"2020-01-01","html":"<p>A licensee shall not charge, impose, or receive any penalty for the prepayment of a loan. This section does not apply to a loan secured by real property.</p>","text":"A licensee shall not charge, impose, or receive any penalty for the prepayment of a loan. This section does not apply to a loan secured by real property.","otherVersions":[],"url":"https://blackletter.si/financial-code/loan-regulations-22307-5","source":"California Legislative Information bulk export (pubinfo)"}