California § 22456 - Section 22309 shall apply to open-end loans with the following variations: (a) To
Full text of California Public Contract Code - PCC § 22456 — Section 22309 shall apply to open-end loans with the following variations: (a) To, with citation guidance and answers to common questions.
§ 22456. Section 22309 shall apply to open-end loans with the following variations: (a) To
Section 22309 shall apply to open-end loans with the following variations: (a) To comply with Section 22309, in the case of open-end loan advances directly to the borrower, the licensee shall deliver to the borrower, at the time of each loan advance, an amount equal to the face value of the advance. (b) To comply with Section 22309, in the case of an open-end loan advance in the form of a payment by the licensee to a person from whom a borrower obtained money, goods, labor, or services, the licensee shall deliver to that person the amounts necessary to fulfill the borrowerâs obligation to that person under the transaction. This section does not apply to any open-end loan of a bona fide principal amount of ten thousand dollars ($10,000) or more as determined in accordance with Section 22467.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 22456
What does Public Contract Code - PCC § 22456 cover?
Section 22456 ("Section 22309 shall apply to open-end loans with the following variations: (a) To") 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 § 22456?
A common citation format is "Public Contract Code - PCC § 22456" (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 § 22456 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.