California Financing Law Collection Check

Live. Collecting a California $2,500-$9,999 loan? Fin. Code 22304.5 caps at 36% + fed funds; excess = principal only, willful = void (22750).

Collecting a California installment or online consumer loan of $2,500 to under $10,000? Checks each loan and contact against the California Financing Law: interest above 36% plus the federal funds rate (Fin. Code 22304.5) makes the excess unlawful; a non-willful violation leaves principal only and a willful one voids the contract (22750, 22751, 22752); lending without a CFL license is barred (22100). Flags collecting unlawful charges or a void loan (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats. Not legal advice.

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