California § 22806 - A provider shall not use the term
Full text of California Public Contract Code - PCC § 22806 — A provider shall not use the term, with citation guidance and answers to common questions.
§ 22806. A provider shall not use the term
(a) A provider shall not use the term âinterestâ or ârateâ in a deceptive way that could reasonably result in the recipient being misled. (b) After extending a specific offer to a potential recipient, whenever a provider states a charge, pricing metric, or financing amount to the potential recipient for that specific offer during an application process for commercial financing, the provider shall also state the annual percentage rate of that commercial financing offer by using the term âannual percentage rateâ or the acronym âAPR.â (c) Use of the term âinterestâ or ârateâ is not deceptive or likely to mislead for purposes of this division if the metric of financing cost is an annual interest rate or annual percentage rate that is either fixed or floating for the period of the financing and that is expressed as a margin over an index rate.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 22806
What does Public Contract Code - PCC § 22806 cover?
Section 22806 ("A provider shall not use the term") 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 § 22806?
A common citation format is "Public Contract Code - PCC § 22806" (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 § 22806 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.