A licensee shall not charge, impose, or receive any penalty for the prepayment of a loan. This section does not apply to a loan secured by real property.
(Added by Stats. 2019, Ch. 708, Sec. 7. (AB 539) Effective January 1, 2020.)
Section 22307.5
Fin. Code § 22307.5, under Loan Regulations.
Fin. Code § 22307.5