“Precomputed basis” means the determination of a finance charge by multiplying the original unpaid balance of the contract by a rate and multiplying that product by the number of payment periods elapsing between the date on which the finance charge begins to be assessed and the date of the last scheduled payment.
Cal. Civ. Code § 1802.21
Definitions
Known as the Unruh Act
The act spans §§ 1801 to 1812.9 (87 sections).
Added by Stats. 1979, Ch. 805.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.