California Financial Code 22307.5 – A licensee shall not charge, impose, or receive any penalty for the …
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A licensee shall not charge, impose, or receive any penalty for the prepayment of a loan. This section does not apply to a loan secured by real property.
(Added by Stats. 2019, Ch. 708, Sec. 7. (AB 539) Effective January 1, 2020.)
Terms Used In California Financial Code 22307.5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.