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 2 — Definitions, Section 1802.21
“Precomputed basis” means the determination of a finance charge by multiplying the original unpaid balance of the contract by a rate and multiplying that product by the number of payment periods elapsing between the date on which the finance charge begins to be assessed and the date of the last scheduled payment.
Notes
Defines "Precomputed basis" as the determination of a finance charge by multiplying the original unpaid balance of the contract by a rate and multiplying that product by the number of payment periods elapsing between the date on which the finance charge begins to be assessed and the date of the last scheduled payment.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1802.21 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-2/chapter-1/article-2/section-1802-21