{"code":"FIN","codeName":"Financial Code","section":"4995.1","citation":"Fin. Code, § 4995.1","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.10. HIGHER-PRICED MORTGAGE LOANS [4995. - 4995.6.]","url":"https://blackletter.si/financial-code/division-1.10"}],"history":"Added by Stats. 2009, Ch. 629, Sec. 4.   (AB 260)   Effective January 1, 2010.","effective":"2010-01-01","html":"<p>Notwithstanding any other provision of law, the maximum amount of a prepayment penalty that may be imposed by a licensed person in connection with a higher-priced mortgage loan shall not exceed 2 percent of the principal balance prepaid, for prepayment of the loan during the first 12 months following loan consummation or 1 percent of the principal balance prepaid, for prepayment of the loan during the second 12 months following loan consummation.</p>","text":"Notwithstanding any other provision of law, the maximum amount of a prepayment penalty that may be imposed by a licensed person in connection with a higher-priced mortgage loan shall not exceed 2 percent of the principal balance prepaid, for prepayment of the loan during the first 12 months following loan consummation or 1 percent of the principal balance prepaid, for prepayment of the loan during the second 12 months following loan consummation.","otherVersions":[],"url":"https://blackletter.si/financial-code/higher-priced-mortgage-loans-4995-1","source":"California Legislative Information bulk export (pubinfo)"}