Financial Code § 22307.5

ARTICLE 3. Loan Regulations

Current as of September 28, 2026Fin. Code, § 22307.5Official source ↗

Added by Stats. 2019, Ch. 708, Sec. 7. (AB 539) Effective January 1, 2020.

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.