California § 50504 - If an amount other than or in excess of the charges permitted by this division is
Full text of California Public Contract Code - PCC § 50504 — If an amount other than or in excess of the charges permitted by this division is, with citation guidance and answers to common questions.
§ 50504. If an amount other than or in excess of the charges permitted by this division is
(a) If an amount other than or in excess of the charges permitted by this division is willfully charged, contracted for, or received, in addition to any other penalties or remedies, the commissioner may order the licensee to refund to all borrowers charged the excess amount, the excess amount and the amount of the charge, both with interest at the rate of 10 percent per annum, calculated from the date the improper charge was imposed. (b) If interest on the principal amount of a loan in excess of the amount authorized by this division is willfully charged, contracted for, or received, in addition to any other penalties or remedies, the commissioner may order the licensee to refund the excess interest amount to all borrowers charged the excess amount, with interest at the rate of 10 percent per annum, calculated from the date the improper charge was imposed.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 50504
What does Public Contract Code - PCC § 50504 cover?
Section 50504 ("If an amount other than or in excess of the charges permitted by this division is") 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 § 50504?
A common citation format is "Public Contract Code - PCC § 50504" (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 § 50504 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.