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 Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 12316's source at ca​.gov