California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 2 — Credit Sales, Chapter 1 — Retail Installment Sales, Article 5 — Finance Charge Limitation, Section 1805.8
The maximum rate of finance charge which may be imposed on amounts advanced by the holder subsequent to the execution of the contract for insurance, repairs to or preservation of the goods, or preservation of the holder’s security interest therein, shall not exceed the annual percentage rate disclosed pursuant to item (b) of Section 1803.3.
Notes
Limits the finance charge on amounts a contract holder advances after execution for insurance, repair or preservation of the goods, or preservation of the holder’s security interest. Sets the maximum at the annual percentage rate disclosed under the referenced disclosure item, without authorizing a higher rate for those subsequent advances.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1805.8 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-2/chapter-1/article-5/section-1805-8