Article 5. Finance Charge Limitation - California Civil Code Section 1805.6

1805.6.  (a) Notwithstanding the provisions of any contract to the
contrary, except as provided in subdivision (b) or (c), no retail
seller shall assess any finance charge for goods purchased under a
retail installment contract until the goods are in the buyer's
   (b) A finance charge may be assessed for such undelivered goods,
as follows:
   (1) From the date when such goods are available for pickup by the
buyer and the buyer is notified of their availability, or
   (2) From the date of purchase, when such goods are delivered or
available for pickup by the buyer within 10 days of the date of
   (c) In the case of a home improvement contract as defined in
Section 7151.2 of the Business and Professions Code, a finance charge
may be assessed from the approximate date of commencement of the
work as set forth in the home improvement contract.

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Last modified: February 16, 2015