Terms Used In California Codes > Financial Code > Division 9 > Chapter 3 > Article 3 - Loan Regulations

• Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. ^{Source: FDIC}
• City: includes incorporated city, city and county, municipal corporation, municipality, town and incorporated town. See California Financial Code 13
• County: includes city and county. See California Health and Safety Code 14
• County: includes city and county. See California Financial Code 14
• Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. ^{Source: OCC}
• department: means State Department of Health Services. See California Health and Safety Code 20
• Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
• State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
• Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}
• Writing: includes any form of recorded message capable of comprehension by ordinary visual means. See California Financial Code 8