California § 2981.7. 2981.7. (Amended by Stats. 1983, Ch. 142, Sec. 3.)

California Statutes

§ 2981.7. — 2981.7. (Amended by Stats. 1983, Ch. 142, Sec. 3.)

California § 2981.7.

JurisdictionCalifornia

Code CIVCivil Code - CIV

Div. 3.DIVISION 3. OBLIGATIONS

Title14.

Part 4.TITLE 14. LIEN

Ch. 2b.CHAPTER 2b. Automobile Sales Finance Act

This text of California § 2981.7. (2981.7. (Amended by Stats. 1983, Ch. 142, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Civil Code - CIV Code § 2981.7. (2026).

Text

All contracts entered into between a buyer and a seller on or after January 1, 1983, shall provide for the calculation of the finance charge contemplated by item (A) of paragraph (1) of subdivision (j) of Section 2982 on the simple-interest basis, if the date on which the final installment is due, according to the original terms of the contract, is more than 62 months after the date of the contract.

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All contracts entered into between a buyer and a seller on or after January 1, 1983, shall provide for the calculation of the finance charge contemplated by item (A) of paragraph (1) of subdivision (j) of Section 2982 on the simple-interest basis, if the date on which the final installment is due, according to the original terms of the contract, is more than 62 months after the date of the contract.