California Civil Code 3289.5 – For purposes of Section 3289, the rate of the contracted finance …
Current as of: 2024 | Check for updates
|
Other versions
For purposes of Section 3289, the rate of the contracted finance charge shall be the legal rate of interest stipulated by a retail installment contract subject to Chapter 1 (commencing with Section 1801) of Title 2 of Part 4 of Division 3.
(Added by Stats. 1985, Ch. 224, Sec. 1.)
Terms Used In California Civil Code 3289.5
- Contract: A legal written agreement that becomes binding when signed.
- Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC