California Financial Code ARTICLE 4 - Limitation on Finance Charges

• Section 18625.
  A premium finance agency shall not, except as otherwise provided by law, impose, take, receive, reserve or charge a finance charge which in the aggregate...
• Section 18626.
  A premium finance agency may, in a premium finance agreement, contract for, charge, receive, and collect a finance charge which shall not exceed in the...
• Section 18627.
  If the finance charge computed under Section 18626 is less than twenty-five dollars ($25), a minimum finance charge of twenty-five dollars ($25) may be imposed.(Amended...
• Section 18628.
  The finance charge may be computed from the effective date of the insurance coverage, provided that the company shall pay the premium due the insurer,...
• Section 18629.
  Notwithstanding the provisions of any premium finance agreement to the contrary, any insured may pay the obligation in full at any time before maturity of...
• Section 18630.
  In the event that the insurance policy or policies which are the subject of a premium finance agreement are canceled by the insured or by...
• Section 18631.
  (a) A premium finance agreement may provide for the payment of a default charge of one dollar ($1) to a maximum of 5 percent of the...

Last modified: October 22, 2018