California Financial Code ARTICLE 5 - Open-End Loan Programs

• Section 22450.
  As used in this division, “open-end credit program” means a licensee’s plan for making open-end loans pursuant to a loan agreement that sets forth the...
• Section 22451.
  If an open-end credit program is not primarily for the purpose of purchasing or leasing goods or services from the licensee, then all credit extended...
• Section 22452.
  Subject to the written approval of the commissioner of the licensee’s plan of business for making open-end loans as not being misleading or deceptive and...
• Section 22453.
  The minimum monthly payment shall be determined by any of the following:(a) The amount calculated by multiplying the unpaid principal balance, after an advance and including...
• Section 22454.
  On open-end loans, the licensee may contract for and receive the fees, costs, and expenses permitted on other loans, including those permitted by subdivisions (a),...
• Section 22455.
  (a) In lieu of subdivisions (b), (c), (d), (e), and (f) of Section 22314, with respect to open-end loans, a licensee may provide credit insurance with...
• Section 22456.
  Section 22309 shall apply to open-end loans with the following variations:(a) To comply with Section 22309, in the case of open-end loan advances directly to the...
• Section 22457.
  In lieu of Section 22332, the open-end loan agreement shall contain the name, address, and license number of the finance lender and shall disclose the...
• Section 22458.
  In lieu of subdivision (a) of Section 22337, with respect to open-end loans, except in the case of an account that the licensee deems to...
• Section 22459.
  Subdivision (e) of Section 22337 shall not apply to an open-end loan that has no balance outstanding if the open-end loan agreement continues in effect.(Repealed...
• Section 22460.
  Section 22333 shall not apply to a change in terms of an open-end loan if notice is given to the borrower in accordance with subsection...
• Section 22461.
  Subdivision (a) of Section 22151, Sections 22154 and 22325, and subdivision (b) of Section 22337 shall not apply to a licensee with respect to advances...
• Section 22462.
  The payment of fees for participation in an open-end credit program, the acceptance by a borrower of the form of the licensee’s program, and the...
• Section 22463.
  Nothing in this article limits the authority of the commissioner to disapprove advertising with respect to open-end loans pursuant to Section 22165.This section does not...
• Section 22464.
  This article does not apply to loans other than open-end loans.This section does not apply to any open-end loan of a bona fide principal amount...
• Section 22465.
  Section 22400 does not apply to open-end loans.(Repealed and added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995,...
• Section 22466.
  An open-end loan is in compliance with Section 22330 if it is an open-end loan of a bona fide principal amount of five thousand dollars...
• Section 22467.
  (a) Any section that refers to this section or that is subject to Section 22251 does not apply to any open-end loan of the bona fide...

Last modified: October 22, 2018