California · Financial Code

FIN §18009: “Principal amount”, as used in this division, means the net amount of money, credit, goods, or things in action received by the debtor or borrower or disbursed on the borrower’s instructions at the ti

What this law says, in plain English

This statute defines 'principal amount' as the net money, credit, goods, or value received by or disbursed for a borrower in a transaction.

Read the full statutory text

“Principal amount”, as used in this division, means the net amount of money, credit, goods, or things in action received by the debtor or borrower or disbursed on the borrower’s instructions at the time of entering into the transaction.

Verify at the official source: California legislative text

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