California § 1803.11. 1803.11. (Added by Stats. 1991, Ch. 819, Sec. 1.)

California Statutes

§ 1803.11. — 1803.11. (Added by Stats. 1991, Ch. 819, Sec. 1.)

California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 2.·Part 4. TITLE 2. CREDIT SALES·Ch. 1. CHAPTER 1. Retail Installment Sales·Art. 3. ARTICLE 3. Provisions of Retail Installment Contracts

It shall be unlawful for any seller to solicit buyers, in any advertisement, to enter into a retail installment contract with it if the seller does not intend to sell that retail installment contract to a financing agency or other assignee, unless the advertisement clearly states the periodic rate or range of periodic rates, expressed as an annual percentage rate or a range of annual percentage rates that will be used to determine the finance charge imposed on the retail installment contract.

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It shall be unlawful for any seller to solicit buyers, in any advertisement, to enter into a retail installment contract with it if the seller does not intend to sell that retail installment contract to a financing agency or other assignee, unless the advertisement clearly states the periodic rate or range of periodic rates, expressed as an annual percentage rate or a range of annual percentage rates that will be used to determine the finance charge imposed on the retail installment contract.

California § 1803.11. (1803.11. (Added by Stats. 1991, Ch. 819, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.