California Financial Code

§ 15001

FIN § 15001 Effective Jan 1, 1999Div. 5 · Ch. 7 · Art. 2

Statute text

Every credit union may assess charges as approved by the board of directors for failure to meet punctually obligations to the credit union. Any late charge shall be made only once for each delinquent payment and shall be subject to Section 2954.5 of the Civil Code, Division 1.1 (commencing with Section 4000) of this code, and any other applicable law.

Legislative history

Amended by Stats. 1998, Ch. 539, Sec. 39. Effective January 1, 1999.