LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 7Ch. 1Art. 1§ 18007 Loan Charges Definition

§ 18007 Loan Charges Definition

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 18007 Loan Charges Definition

This law defines what counts as 'charges' that an industrial loan company can charge, such as interest, fees, and other costs, when they are involved in loans or related services.

Key Takeaways

  • •Charges include interest, fees, bonuses, commissions, discounts, expenses, and other costs.
  • •They apply to any service related to getting, servicing, or collecting a loan.
  • •The definition covers both what the company charges and what it receives.

Example

A loan company helps you get a car loan and adds a processing fee and interest.

All of those fees and the interest are considered 'charges' under the law, so they must be included when calculating the total cost of the loan.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 18007 Loan Charges Definition

“Charges”, as used in this division, include the aggregate interest, fees, bonuses, commissions, brokerage, discounts, expenses, and other forms of costs charged, contracted for, or received by an industrial loan company or any other person in connection with the investigating, arranging, negotiating, procuring, guaranteeing, making, servicing, collecting, or enforcing of a loan, or for forbearance of money, credit, goods, things in action, or any other service or services rendered. (Added by Stats. 1976, Ch. 964.)

Last verified: January 11, 2026

Key Terms

Chargesindustrial loan companyforbearance

Related Statutes

  • § 18003 Premium Finance Agency Definitions
  • § 18003.1 Industrial Loan Company Definition
  • § 18003.2 Industrial Loan Company References
  • § 18003.5 Fdic Insurance Definitions
  • § 18003.6 Industrial Loan Company Certificates

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18007.
View Official Source