Financial Code section 12316

If a prorater contracts for, receives or makes any charge in excess of the maximum permitted by this division, except as the result of an accidental and bona fide error, the prorater’s contract with the debtor shall be void and the prorater shall return to the debtor all charges received from the debtor.

Source: Section 12316, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=12316. (updated Jan. 1, 1957; accessed Jul. 21, 2025).

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Verified:
Jul. 21, 2025

§ 12316's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_12316

Original Source: Section 12316, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=12316. (last accessed May 12, 2025).