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DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 7. Loans 14950-15103›ARTICLE 2. Maximum Charges and Fees 15001-15001

§ 15001

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

Every credit union may assess charges as approved by the board of directors for failure to meet punctually obligations to the credit union. Any late charge shall be made only once for each delinquent payment and shall be subject to Section 2954.5 of the Civil Code, Division 1.1 (commencing with Section 4000) of this code, and any other applicable law.

(Amended by Stats. 1998, Ch. 539, Sec. 39. Effective January 1, 1999.)

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California Financial Code

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