§ 1799.301. — 1799.301. (Added by Stats. 2023, Ch. 881, Sec. 1.)

California § 1799.301.

• Jurisdiction: California
• Code CIV: Civil Code - CIV
• Div. 3.: DIVISION 3. OBLIGATIONS
• Title: 1.90.
• Part 4.: TITLE 1.90. Commercial Financing Transactions with Small Businesses

Text

This title does not apply to any of the following:
(a)
A provider that is a depository institution.
(b)
A provider that is a lender regulated under the federal Farm Credit Act of 1971 (12 U.S.C. Sec. 2001 et seq.).
(c)
A commercial financing transaction secured by real property.
(d)
A person who makes no more than one commercial financing transaction in California in a 12-month period.
(e)
A person who makes five or fewer commercial financing transactions
in California in a 12-month period that are incidental to the business of that person.
(f)
A commercial financing transaction in which the recipient is a dealer, as defined by Section 285 of the Vehicle Code, or an affiliate of the dealer, pursuant to a specific commercial financing offer or commercial open-end credit plan of at least fifty thousand dollars ($50,000), including, but not limited to, a commercial loan made pursuant to that commercial financing transaction.
(g)
A commercial financing transaction in which the recipient is a vehicle rental company, or an affiliate of the vehicle rental company, pursuant to a specific commercial financing offer or commercial open-end credit plan of at least fifty thousand dollars ($50,000), including, but not limited to, a commercial loan made
pursuant to that commercial financing transaction.

Legislative History

Added by Stats. 2023, Ch. 881, Sec. 1. (SB 666) Effective January 1, 2024.