California Financial Code 18007 – “Charges”, as used in this division, include the aggregate interest, …
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“Charges”, as used in this division, include the aggregate interest, fees, bonuses, commissions, brokerage, discounts, expenses, and other forms of costs charged, contracted for, or received by an industrial loan company or any other person in connection with the investigating, arranging, negotiating, procuring, guaranteeing, making, servicing, collecting, or enforcing of a loan, or for forbearance of money, credit, goods, things in action, or any other service or services rendered.
(Added by Stats. 1976, Ch. 964.)
Terms Used In California Financial Code 18007
- company: as used in this division means a premium finance agency as defined in Section 18560. See California Financial Code 18003
- Forbearance: A means of handling a delinquent loan. A
- Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18