California Civil Code

§ 1803.6

CIV § 1803.6 Effective Jan 1, 1997Div. 3 · Title 2 · Part 4 · Ch. 1 · Art. 3

Statute text

(a)A contract may provide that for each installment in default the buyer shall pay a delinquency charge not in excess of one of the following amounts:

(1)For a period in default of not less than 10 days, an amount not in excess of ten dollars ($10).

(2)For a period in default of not less than 15 days, an amount not in excess of fifteen dollars ($15).

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Legislative history

Amended by Stats. 1996, Ch. 301, Sec. 1. Effective January 1, 1997.