Statute · California Civil Code
Cal. Civ. Code § 1805.7 — Finance Charge Limitation
Cal. Civ. Code § 1805.7
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
All contracts entered into between a buyer and a seller on or after January 1, 1983, shall provide for the calculation of the finance charge contemplated by item (1) of subdivision (a) of Section 1805.1 on the simple-interest basis if the date on which the final installment is due, according to…
Citator
Cal. Civ. Code § 1805.7 — Finance Charge Limitation is in force in the current edition of the Code, and nothing recorded condemns it.
All contracts entered into between a buyer and a seller on or after January 1, 1983, shall provide for the calculation of the finance charge contemplated by item (1) of subdivision (a) of Section 1805.1 on the simple-interest basis if the date on which the final installment is due, according to the original terms of the contract, is more than 62 months after the date of the contract.