ARTICLE 4. Limitation on Finance Charges [18625. - 18631.]

Article 4 added by Stats. 1976, Ch. 964.

§§ 18625–18631 · 7 sections

• § 18625 A premium finance agency shall not, except as otherwise provided by law, impose, take, receive, reserve or charge a finance charge which in the aggregate is…
• § 18626 A premium finance agency may, in a premium finance agreement, contract for, charge, receive, and collect a finance charge which shall not exceed in the…
• § 18627 If the finance charge computed under Section 18626 is less than twenty-five dollars ($25), a minimum finance charge of twenty-five dollars ($25) may be imposed.
• § 18628 The finance charge may be computed from the effective date of the insurance coverage, provided that the company shall pay the premium due the insurer, either:…
• § 18629 Notwithstanding the provisions of any premium finance agreement to the contrary, any insured may pay the obligation in full at any time before maturity of the…
• § 18630 In the event that the insurance policy or policies which are the subject of a premium finance agreement are canceled by the insured or by the insurer, for any…
• § 18631 (a) A premium finance agreement may provide for the payment of a default charge of one dollar ($1) to a maximum of 5 percent of the delinquent installment, in…