Section 23060 Of Article 2. Penalties For Misconduct From California Financial Code >> Division 10. >> Chapter 3. >> Article 2.
23060
. (a) If any amount other than, or in excess of, the charges
or fees permitted by this division is willfully charged, contracted
for, or received, a deferred deposit transaction contract shall be
void, and no person shall have any right to collect or receive the
principal amount provided in the deferred deposit transaction, any
charges, or fees in connection with the transaction.
(b) If any provision of this division is willfully violated in the
making or collection of a deferred deposit transaction, the deferred
deposit transaction contract shall be void, and no person shall have
any right to collect or receive any amount provided in the deferred
deposit transaction, any charges, or fees in connection with the
transaction.