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 8 — Add-on Sales, Section 1808.5
Subject to the other provisions of Article 5 (commencing with Section 1805.1), the finance charge to be included in a consolidated total of payments under subdivision (
l) of Section 1808.2 shall be determined by applying the finance charge at the applicable rate to the unpaid balance under subdivision (j) of Section 1808.2, for the period from the date of the consolidation to and including the date when the final installment of the consolidated total is payable.
Notes
Requires the finance charge included in a consolidated total of payments to be calculated, subject to the other referenced finance-charge provisions, by applying the applicable rate to the unpaid balance from the consolidation date through the date the final consolidated installment is payable. Sets that period and unpaid balance as the basis for the consolidated finance-charge calculation.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1808.5 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-2/chapter-1/article-8/section-1808-5