California § 4979.7 - On or after July 1, 2002, a person who originates a consumer loan shall not finan
Full text of California Public Contract Code - PCC § 4979.7 — On or after July 1, 2002, a person who originates a consumer loan shall not finan, with citation guidance and answers to common questions.
§ 4979.7. On or after July 1, 2002, a person who originates a consumer loan shall not finan
On or after July 1, 2002, a person who originates a consumer loan shall not finance, directly or indirectly, into a consumer loan or finance to the same borrower within 30 days of a consumer loan any credit life, credit disability, credit property, or credit unemployment insurance premiums, or any debt cancellation or suspension agreement fees, provided that credit insurance premiums, debt cancellation, or suspension fees calculated and paid on a monthly basis shall not be considered financed by the person originating the loan. For purposes of this section, credit insurance does not include a contract issued by a government agency or private mortgage insurance company to insure the lender against loss caused by a mortgagorâs default.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 4979.7
What does Public Contract Code - PCC § 4979.7 cover?
Section 4979.7 ("On or after July 1, 2002, a person who originates a consumer loan shall not finan") 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 § 4979.7?
A common citation format is "Public Contract Code - PCC § 4979.7" (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 § 4979.7 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.