ARTICLE 5. Charges on Scheduled Balances [18634. - 18643.]

Article 5 added by Stats. 1979, Ch. 270.

§§ 18634–18643 · 8 sections

• § 18634 This article is applicable only to premium finance agencies.
• § 18635 Whenever the interest or charges, or interest and charges deducted in advance exceed the maximum provided by this division, by reason of subsequent repayment…
• § 18636 (a) As an alternative to the provisions of Section 18635, if a loan is repayable in substantially equal and consecutive monthly installments of principal and…
• § 18637 If a loan contract made under Section 18636 is prepaid in full by cash, a new loan, refinancing or otherwise before the final installment date, the borrower…
• § 18638 A special rebate of precomputed charges shall be made if three or more, but not all, installments are prepaid in full at any one time either in one transaction…
• § 18640 A deferment charge may be charged and collected on a loan made under Section 18636 if the payment date of all wholly unpaid installments on which no default…
• § 18642 If the maturity of a loan made under Section 18636 is accelerated for any reason, the company shall make the same refund or credit as would be required if the…
• § 18643 Notwithstanding any other provision of law not within this article, with respect to precomputed loans, premium finance agencies derive authority only from this…