Cal. Code Regs. tit. 10 § 40.615

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 40.615 - Collection Expenses

Collection expenses under Section 18218(b) of the Financial Code may be charged only when a bona fide attempt to liquidate the entire loan balance is made. Collection expenses shall not be charged to a borrower for the collection of past due payments or installments nor shall the collection charge be made more than once on the unpaid principal balance of the loan.

Cal. Code Regs. Tit. 10, § 40.615

1. Change without regulatory effect renumbering former section 1172 to new section 40.615 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18218(b), Financial Code.

1. Change without regulatory effect renumbering former section 1172 to new section 40.615 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).