California § 1807.3 - If any payment, other than a deferred downpayment, under a contract or refinancin
Full text of California Public Contract Code - PCC § 1807.3 — If any payment, other than a deferred downpayment, under a contract or refinancin, with citation guidance and answers to common questions.
§ 1807.3. If any payment, other than a deferred downpayment, under a contract or refinancin
(a) If any payment, other than a deferred downpayment, under a contract or refinancing agreement is more than twice the amount of an otherwise regularly scheduled equal payment, the contract or refinancing agreement shall contain the following provision: âThe payment schedule contained in this contract requires that you make a balloon payment of $ (Amount of balloon payment) which is a payment of more than double the amount of the regular payments. You have an absolute right to obtain a new payment schedule if you default in the payment of any balloon payment.â (b) If the buyer defaults in the payment of any balloon payment, he or she shall be given an absolute right to obtain a new payment schedule. Unless agreed to by the buyer, the periodic payments under the new schedule shall not be substantially greater than the average of the preceding installments.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1807.3
What does Public Contract Code - PCC § 1807.3 cover?
Section 1807.3 ("If any payment, other than a deferred downpayment, under a contract or refinancin") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1807.3?
A common citation format is "Public Contract Code - PCC § 1807.3" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1807.3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.