Article 2. Maximum Charges And Fees of California Financial Code >> Division 5. >> Chapter 7. >> Article 2.
Every credit union may assess charges as approved by the
board of directors for failure to meet punctually obligations to the
credit union. Any late charge shall be made only once for each
delinquent payment and shall be subject to Section 2954.5 of the
Civil Code, Division 1.1 (commencing with Section 4000) of this code,
and any other applicable law.