§ 942. Estimated Annual Percentage Rate - Sales-based financing.
10 CA ADC § 942Barclays Official California Code of RegulationsEffective: December 9, 2022
Effective: December 9, 2022
10 CCR § 942
§ 942. Estimated Annual Percentage Rate - Sales-based financing.
(a) When calculating the estimated payments and reasonably anticipated true-ups for sales-based financing, a provider shall use the estimated monthly sales, income or receipts projection described in subdivision (b) of section 930 or the internal estimated sales, income, or receipts projection described in subdivision (a)(3) of section 931, accounting for:
(b) When calculating estimated monthly cost, finance charge, term, and annual percentage rate for the sales-based financing, a provider shall use the estimated monthly, income or receipts sales projection described in subdivision (b) of section 930, or internal estimated sales, income, or receipts projection described in subdivision (a)(3) of section 931, accounting for the following:
Credits
Note: Authority cited: Sections 321 and 22804, Financial Code. Reference: Sections 22800, 22802, 22803 and 22804, Financial Code.
History
1. New section filed 6-9-2022; operative 12-9-2022 pursuant to Government Code section 11343.4(b)(2) (Register 2022, No. 23). Transmission deadline specified in Government Code section 11346.4(b) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-71-20. Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-71-20.
This database is current through 9/20/24 Register 2024, No. 38.
Cal. Admin. Code tit. 10, § 942, 10 CA ADC § 942
End of Document |