California § 22301 - No licensee shall directly or indirectly charge, contract for, or receive any int
Full text of California Public Contract Code - PCC § 22301 — No licensee shall directly or indirectly charge, contract for, or receive any int, with citation guidance and answers to common questions.
§ 22301. No licensee shall directly or indirectly charge, contract for, or receive any int
(a) No licensee shall directly or indirectly charge, contract for, or receive any interest or charge of any nature with respect to a loan of five thousand dollars ($5,000) or more unless the loan is made. (b) Notwithstanding subdivision (a), whenever a loan of five thousand dollars ($5,000) or more is not consummated because of the borrowerâs failure to disclose outstanding liens or other information essential to making the loan or solely because of the borrowerâs failure to complete the loan in accordance with the loan application, a licensee may charge, contract for, and receive an amount equal to the actual expenses incurred by the licensee in connection with the preparation for the loan.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 22301
What does Public Contract Code - PCC § 22301 cover?
Section 22301 ("No licensee shall directly or indirectly charge, contract for, or receive any int") 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 § 22301?
A common citation format is "Public Contract Code - PCC § 22301" (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 § 22301 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.