Earlier editions: 2020-112018-11
DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 6. Prohibited Practices and Penalties 18435-18457
§ 18439
California Financial Code · 2026 edition · updated 2026-10-04 · California
If any amount in excess of the charges permitted by this division, including interest, is charged, contracted for, or received in the making or collection of a contract of loan, except as a result of an accidental and bona fide error in computation, such contract is void and no person has any right to collect or receive the principal, interest, or charges.
(Added by Stats. 1976, Ch. 964.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code