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4666 Upon prepayment of a note calling for annual interest of 6.5% in equal monthly payments and providing that the principal could be prepaid without penalty so long as all monthly payments were current, the lender's practice of using 30.4 as the number of days in every month did not violate the Unfair Competition Law, because a reasonable consumer would not expect recalculation of interest payments based on actual days of the month at the time of prepayment, and because the practice is specifically authorized, if not required, by federal Regulation "Z" promulgated under the Truth In Lending Act.CitationPUENTES v WELLS FARGO (Banker's Month) 160 CA4 638 [See: B&PC 17200 etseq; 12 CFR 226; Chern v B of A 15 C3 866; Cel-Tech v LA Cellular 20 C4 163, T/AT 5/99]
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