Cal. Financial Code § 18605
Cal. Financial Code § 18605
California · California Financial Code · Status: effective
Cite this
- Citation
- Cal. Financial Code § 18605, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815359
- Permanent ID
ys:prov:815359@1- SHA-256
024b7961457bc77e413d8a93ceb1aefadf1cdc5127ee49261727525008d27f84
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A premium finance agreement shall be in writing and the printed portion thereof shall be in at least eight-point type. The agreement shall set forth:
1. The names and addresses of the insured and the company, and the date of the agreement.
2. A description of the insurance contracts for which the premiums are advanced including the total amount of the premiums and fees and a specific breakdown thereof by policies and a general description of coverages.
3. The amount of the downpayment.
4. The cost, if any, for credit life insurance.
5. The principal balance.
6. The finance charges.
7. The unpaid balance.
8. The due date of the first installment.
9. The number, amount and frequency of payment of the installments.
10. A statement that the insured may prepay the full amount due and receive a refund credit of the unearned finance charge, in the manner provided by Section 18629.