Fin. Code, § 18212 · Article 2. Terms and Maximum Charges
Fin. Code, § 18212
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The charges by an industrial loan company, broker, and all other persons on any loan, forbearance of money, credit, goods, or things in action under this division, shall not exceed in the aggregate:
(1) Two percent per month on that part of the unpaid principal balance of any loan up to, including, but not in excess of, one thousand dollars ($1,000).
(2) One percent per month on any remainder of such unpaid principal balance in excess of one thousand dollars ($1,000).
(b) As an alternative to the charges authorized by subdivision (a), a company may contract for and receive charges at a rate not exceeding 1.6 percent per month on the unpaid principal balance.
Notes and commentary — not statutory text
History
Amended by Stats. 1979, Ch. 270.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18212.
- Text hash
- sha256 4ac793d108f56e7386626835fd24f0bd62fe30efda1139962e154d523e76d08e
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 5 provisions
Provisions in this library whose text cites Fin. Code, § 18212. Each shows the citation as that text prints it.
Financial Code
- Fin. Code, § 18191Printed as Sections 18008, 18009, 18010, 18212, 18212.1, 18214, 18219, 18220, 18222, 18230 through 18234, 18290 through 18295, and 18439
- Fin. Code, § 18191.5Printed as Sections 18008, 18009, 18010, 18212, 18212.1, and 18214
- Fin. Code, § 18212.1Printed as Section 18212
- Fin. Code, § 18212.2Printed as Section 18212 or 18212.1
- Fin. Code, § 18300Printed as Section 18212
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.