California § 22308 - Notwithstanding Section 22307, a licensee may contract for and receive charges on
Full text of California Public Contract Code - PCC § 22308 — Notwithstanding Section 22307, a licensee may contract for and receive charges on, with citation guidance and answers to common questions.
§ 22308. Notwithstanding Section 22307, a licensee may contract for and receive charges on
Notwithstanding Section 22307, a licensee may contract for and receive charges on the unpaid principal balance at a single annual percentage rate, applied on the basis of the number of days actually elapsed, if the annual rate would produce a finance charge at the maturity of the contract not in excess of the finance charge resulting from the application of the graduated rates specified in Section 22303, when the loan is paid according to its terms, and charges are computed on the basis that a month is any period of 30 consecutive days, as provided in Section 22307; provided, however, that if prepayment in full occurs on or before the third installment date, all charges shall be recomputed as a percentage per month of the unpaid principal balance or portions thereof, based on the number of days actually elapsed.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 22308
What does Public Contract Code - PCC § 22308 cover?
Section 22308 ("Notwithstanding Section 22307, a licensee may contract for and receive charges on") 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 § 22308?
A common citation format is "Public Contract Code - PCC § 22308" (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 § 22308 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.